General Electric Company’s $5 Billion Cash Tender Offers

Davis Polk advised the joint dealer-managers in connection with the transaction.

General Electric Company acquired up to $2.5 billion aggregate of its outstanding USD denominated 4.500% notes due 2044; 4.125% notes due 2042; 3.375% notes due 2024; and 2.700% notes due 2022 and up to $2.5 billion aggregate purchase price of its outstanding Euro denominated 2.125% notes due 2037; 1.875% notes due 2027; 1.500% notes due 2029; 1.250% notes due 2023; 0.875% notes due 2025; and 0.375% notes due 2022.

General Electric Company is a leading global high-tech industrial company, with products and services ranging from aircraft engines, power generation and oil and gas production equipment to medical imaging, financing and industrial products.

J.P. Morgan Securities LLC, J.P. Morgan Securities plc, BofA Merrill Lynch, Merrill Lynch International and Goldman Sachs & Co. LLC (collectively, the “Dealer Managers”) acted as dealer managers in connection with the Tender Offers.

The Davis Polk capital markets team included partner John B. Meade and associate Angela Park. The tax team included partner Rachel D. Kleinberg.

Involved fees earner: Rachel Kleinberg – Davis Polk & Wardwell; John Meade – Davis Polk & Wardwell; Angela Park – Davis Polk & Wardwell;

Law Firms: Davis Polk & Wardwell;

Clients: Bank of America Merrill Lynch; Goldman Sachs & Co.; J.P. Morgan Securities LLC; Merrill Lynch International;