GE Updates Exchange Offers Commenced by GE Capital International



GE Capital announced the early participation results of the previously announced private offers commenced by GE Capital International Funding Company to exchange the Issuer’s new senior unsecured notes collectively, for certain outstanding debt securities.

Based on information provided by D.F. King and Lucid Issuer Services, the exchange agents and information agents for the Exchange Offers, approximately $53.9 billion principal amount of Old Notes were tendered in the Exchange Offers by the Early Participation Date.

GE Capital also announced today that:

  • The principal amount of New Notes to be issued in the Exchange Offers has increased from $30 billion to $36 billion.
  • The principal amount of 2016 New Notes to be issued in the 2016 Market Value Exchange Offers has increased from $15 billion to $16.25 billion and the principal amount of New Market Notes to be issued in the 2020/2025/2035 Market Value Exchange Offers will be $36 billion less the principal amount of 2016 New Notes accepted in the 2016 Market Value Exchange Offers.
  • Based on the principal amount of Old Notes tendered in the Exchange Offers, it is anticipated that the 2016 New Notes Cap will permit all Old Notes validly tendered in the 2016 Market Value Exchange Offers to be accepted without proration. No Old Notes tendered in the Par for Par Exchange Offers will be accepted. The Issuer currently expects to return any Old Notes tendered in the Par for Par Exchange Offers on October 6, 2015.

The Exchange Offers are being conducted by the Issuer upon the terms and subject to the conditions set forth in a separate offer to exchange (which is available only to Eligible Holders), as modified by this announcement (the “Offer to Exchange”). Capitalized terms not otherwise defined herein have the meanings set forth in the announcement relating to the Exchange Offers dated September 21, 2015.


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