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GE Capital $36 billion bond exchange offer

1/10/2015
Bond/note exchange offer
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$ 36 billion

Completed

1/10/2015

Overview:

  • General Electric Capital Corporation (GE Capital) has undertaken an exchange offer to holders of its existing debt securities.
  • The securities will be exchanged for $36 billion of newly issued debt securities of GE Capital International Funding Company, a newly formed Irish finance subsidiary of GE Capital.
  • The exchange offer is part of GE's global restructuring, which will see it divest its financial services arms.

Sam Duke - Editor

Jurisdictions:

United States
Ireland
United Kingdom

Deal type:

Bond/note exchange offer

Practice area:

Capital markets : Debt

Industry sector:

Financial services

Firms:
A&L Goodbody

Party: General Electric Capital Corporation (Issuer)

Lawyers: Berni Hosty, Ciarán Rogers, Jack Sheehy

Allen & Overy

Party: General Electric Capital Corporation (Issuer)

Davis Polk & Wardwell

Party: Citigroup (Dealer)

Lawyers: John B Meade, Reuven Young, Simon Witty

Gibson Dunn & Crutcher

Party: General Electric Capital Corporation (Issuer)

Lawyers: Andrew Fabens, James Moloney

Weil Gotshal & Manges

Party: General Electric Capital Corporation (Issuer)

Lawyer: Corey Chivers

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