General Electric Aims to Buy Back About $25 Billion in Debt Tender Offers
November 26 2021 - 7:55AM
Dow Jones News
By Michael Dabaie
General Electric Co. said it expects to repurchase about $25
billion in aggregate principal amount in its upsized debt tender
offers.
GE said it now expects to achieve more than $80 billion in gross
debt reduction between the end of 2018 and the end of 2021.
A total of about $33.3 billion in aggregate principal amount of
the securities were validly tendered and not withdrawn at or prior
to the early participation date, GE said. GE said it accepted for
purchase a total of about $25 billion.
GE said earlier in November it was launching a debt tender
offering, using proceeds from the recently closed AerCap GECAS
transaction to reduce debt.
Write to Michael Dabaie at michael.dabaie@wsj.com
(END) Dow Jones Newswires
November 26, 2021 08:40 ET (13:40 GMT)
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