8-KOther EventsExhibits & Filings

GENERAL ELECTRIC CO 8-K Report, Corporate Update (May 16, 2017)

Filed May 16, 2017For Securities:GE

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.

Frequently Asked Questions

The primary purpose of this 8-K filing is to disclose General Electric Company's (GE) entry into an underwriting agreement and the subsequent issuance of a significant amount of Euro-denominated notes. This is a material event that investors need to be aware of.

GE raised a total of €8,000,000,000 (Euros) through the issuance of four tranches of notes with different principal amounts and coupon rates.

The notes issued have varying maturities and interest rates: €1.75 billion at 0.375% due in 2022, €2 billion at 0.875% due in 2025, €2.25 billion at 1.500% due in 2029, and €2 billion at 2.125% due in 2037.

The offering involved a large syndicate of prominent financial institutions, including BNP Paribas, Citigroup Global Markets Limited, Deutsche Bank AG, HSBC Bank PLC, J.P. Morgan Securities plc, Merrill Lynch International, Barclays Bank PLC, Goldman Sachs & Co. LLC, Morgan Stanley & Co. International plc, and several other international banks.