GE closes $6b public offering

General Electric (NYSE:GE) filed an SEC Form 8-K to confirm the closing of a public offering worth a total of $6 billion.
The company’s offering included $1 billion in 3.45% notes due 2027, $1.25 billion in 3.625% notes due 2030, $1.5 billion in 4.250% notes due 2040 and $2.25 billion of 4.35% notes due 2050.
GE said in its SEC filing that it intends to use to proceeds to fund the purchase of approximately $4.2 billion of its 2.7% notes due 2022, 0.375% notes due 2022, 1.25% notes due 2023, 3.375 notes due 2024 and its floating rate notes due this year. The remaining funds are earmarked for repurchasing, redeeming or repaying outstanding debt obligations, including other notes or commercial paper.
The company entered into the underwriting agreement with BofA Securities, J.P. Morgan Securities and Morgan Stanley as representatives of the several underwriters named as of April 13.
Original Article: (https://www.massdehttps://www.massdevice.com/ge-closes-6b-public-offering/vice.com/ge-closes-6b-public-offering/)