General Electric Offers to Buy Back $5 Billion in Notes
September 12 2019 - 10:20AM
Dow Jones News
By Colin Kellaher
General Electric Co. (GE) on Thursday said it is offering to buy
back up to $5 billion in notes as the conglomerate continues to
pare its debt load.
GE said it is launching tender offers covering several series of
dollar- and euro-denominated notes as it works to bolster its
balance sheet and reduce its industrial leverage.
GE on Wednesday pulled in net proceeds of about $2.7 billion as
it sold part of its stake in Baker Hughes (BHGE), reducing its
interest to 38.4%.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
September 12, 2019 10:05 ET (14:05 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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