GE’s $23 Billion Tender Offers

Cleary Gottlieb represented the dealer managers in the transaction.

GE announced its cash tender offers to purchase up to $23 billion aggregate principal amount of the outstanding notes of 53 series issued by GE and its affiliates.

The tender offers launched on November 10, 2021, and are expected to settle on December 1, 2021, and December 14, 2021.

The dealer managers included BofA Securities, Merrill Lynch International, J.P. Morgan Securities, Deutsche Bank Securities Inc., Deutsche Bank AG, London Branch and Morgan Stanley & Co.

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

The Cleary corporate team included partners Jeff Karpf (Picture) and Adam Fleisher and associates Tom Kwon and James Abate. Partner Jason Factor and associates Drew Schaefer and Eugene Wei-En Woo advised on U.S. tax matters. 

Involved fees earner: James Abate – Cleary Gottlieb Steen & Hamilton; Jason Factor – Cleary Gottlieb Steen & Hamilton; Adam Fleisher – Cleary Gottlieb Steen & Hamilton; Jeffrey Karpf – Cleary Gottlieb Steen & Hamilton; Yonghwan Kwon – Cleary Gottlieb Steen & Hamilton; Drew Schaefer – Cleary Gottlieb Steen & Hamilton; Eugene Wei?En Woo – Cleary Gottlieb Steen & Hamilton;

Law Firms: Cleary Gottlieb Steen & Hamilton;

Clients: Bank of America Securities; Deutsche Bank AG London Branch; Deutsche Bank Securities; J.P. Morgan Securities LLC; Merrill Lynch International; Morgan Stanley;