GE Announces Tender Offers to Purchase: (1) Any and All of the Notes Listed in Table I Below, (2) Up to $1,000,000,000 Aggregate Purchase Price of the GE Capital Notes Listed in Table II Below, and (3) Up to $1,000,000,000 Aggregate Purchase Price of the GE Company Notes Listed in Table III Below
•Next step in previously announced deleveraging plan to strengthen balance sheet and achieve <2.5X Net Debt to EBITDA target.
•Since end of ’18, reduced gross debt by $43B … post close of the GECAS/AerCap transaction, expect to reduce debt by >$70B.
•Continue to evaluate potential deleveraging actions based on economics, deleveraging impact, risk mitigation and optimal capital structure.
For media inquiries, please contact:
Mathilde Milch
347.267.6821
[email protected]
Tara DiJulio
Senior Executive Director, Global Corporate Communications
GE
+1 202 213 6855
[email protected]
Steve Winoker
Vice President, Investor Relations
GE
+1 617 443 3400
[email protected]
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