General Electric’s $10 Billion Amended Senior Unsecured Credit Facility

Simpson Thacher represented JPMorgan Chase Bank, N.A., as Administrative Agent, in the transaction.

General Electric Company (“GE”) completed a $10 billion senior unsecured back-up revolving syndicated credit facility (the “Amended Senior Unsecured Credit Facility”).

The Amended Senior Unsecured Credit Facility amends GE’s $15 billion back-up revolving syndicated credit facility that was scheduled to mature in April 2023.

GE (NYSE:GE) drives the world forward by tackling its biggest challenges. By combining world-class engineering with software and analytics, GE helps the world work more efficiently, reliably and safely. For more than 125 years, GE has invented the future of industry, and today it leads new paradigms in additive manufacturing, materials science and data analytics. GE people are global, diverse and dedicated, operating with the highest integrity and passion to fulfill GE’s mission and deliver for its customers.

The Simpson Thacher team included Mike Vernace (Picture) and Michaela Dion (Banking and Credit). Summer associate Ashley Jaramillo also provided valuable assistance.

Involved fees earner: Michaela Dion – Simpson Thacher & Bartlett; Michael Vernace – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: General Electric (GE);

Author: Martina Bellini