General Electric Company Announces Offers to Register Outstanding Notes of GE Capital International Funding Company Unlimited Company Issued in October 2015 Exchange Offer
By Business Wire News
General Electric Company (“GE”) today announced that its subsidiary, GE Capital International Funding Company Unlimited Company, formerly GE Capital International Funding Company (“GECIF”), has commenced offers to exchange certain of its outstanding unregistered notes issued on October 26, 2015 for a like principal amount of new registered notes.
Under the exchange offers, GECIF is offering to exchange (the “Exchange Offers”) (i) up to $6,106,952,000 aggregate principal amount of its new 2.342% Senior Notes due 2020, (ii) up to $1,979,425,000 aggregate principal amount of its new 3.373% Senior Notes due 2025 and (iii) up to $11,464,668,000 aggregate principal amount of its new 4.418% Senior Notes due 2035 (collectively,the “New Notes”) for a like principal amount of its (i) outstanding $6,106,952,000 2.342% Senior Notes due 2020, (ii) outstanding $1,979,425,000 3.373% Senior Notes due 2025 and (iii) outstanding $11,464,668,000 4.418% Senior Notes due 2035 (collectively, the “Old Notes”).
The Exchange Offers are being made in accordance with the registration rights agreement entered into for the benefit of the holders of the Old Notes, pursuant to which GE agreed to file a registration statement no later than 270 days after the issuance of such Old Notes.
The Exchange Offers will expire at 5:00 p.m., New York City time, on July 1, 2016, unless extended (such date, as it may be extended, the “Expiration Date”). The New Notes to be issued in the Exchange Offers will be delivered promptly following the Expiration Date.
The terms of the New Notes are substantially identical to the terms of the Old Notes, except that the New Notes will be registered under the Securities Act and certain transfer restrictions, registration rights and additional interest provisions relating to the Old Notes do not apply to the New Notes.
The Bank of New York Mellon is acting as the exchange agent for the Exchange Offers. Questions, requests for assistance and requests for additional copies of the prospectus, the letter of transmittal and other related documents should be directed to The Bank of New York Mellon at (732) 667-9408.
This document is for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to buy any securities or a recommendation as to whether investors should participate in the Exchange Offers. A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. No offer to buy the securities can be accepted and no part of the purchase price can be received until the registration statement has become effective, and any such offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time prior to notice of its acceptance given after the effective date.
Holders of the Old Notes may obtain the prospectus, and other related documents filed with the SEC, at the SEC’s Public Reference Room, located at 100 F Street, N.E., Washington, D.C. 20549 and will be able to obtain information on the operation of the Public Reference Room by calling the SEC at 1-800-SEC-0330. The SEC also maintains a website that contains reports and other information that GE files electronically with the SEC and that may be obtained for free. The address of that website is http://www.sec.gov. Holders of the Old Notes will also be able to obtain a copy of the prospectus by clicking on the appropriate link on this website.
This communication contains “forward-looking statements”—that is, statements related to future, not past, events. In this context, forward-looking statements often address our expected future business and financial performance and financial condition, and often contain words such as “expect,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “see,” “will,” “would,” or “target.” Forward-looking statements by their nature address matters that are, to different degrees, uncertain, such as statements about the consummation of the Exchange Offers. Uncertainties that could cause our actual results to be materially different than those expressed in our forward-looking statements include the failure or inability to consummate the Exchange Offers in a timely manner or at all, the failure or inability to make or take any filing or other action required to consummate the Exchange Offers in a timely manner or at all, and changes in market conditions. These or other uncertainties may cause our actual future results to be materially different from those expressed in our forward-looking statements.