Summary
General Electric Company (GE) filed an 8-K report on May 16, 2017, detailing a significant debt offering. The company entered into an underwriting agreement to issue and sell a substantial aggregate principal amount of notes denominated in Euros across various maturities. Specifically, GE issued €1.75 billion in 0.375% Notes due 2022, €2 billion in 0.875% Notes due 2025, €2.25 billion in 1.500% Notes due 2029, and €2 billion in 2.125% Notes due 2037, totaling €8 billion in new debt. This debt issuance was conducted under GE's existing Form S-3 Registration Statement and involved a large syndicate of prominent international financial institutions acting as underwriters. The filing primarily serves to disclose the details of this debt offering, providing investors with information regarding GE's capital raising activities and the terms of the newly issued notes.
Key Highlights
- 1GE entered into an underwriting agreement on May 10, 2017.
- 2The company issued €1,750,000,000 of 0.375% Notes due 2022.
- 3GE also issued €2,000,000,000 of 0.875% Notes due 2025.
- 4An additional €2,250,000,000 of 1.500% Notes due 2029 were issued.
- 5The offering included €2,000,000,000 of 2.125% Notes due 2037.
- 6The total aggregate principal amount of notes issued is €8,000,000,000.
- 7The issuance was registered under GE's Form S-3 Registration Statement and involved a large syndicate of underwriters.