Davis Polk advised the dealer managers in connection with the cash tender offers by General Electric Company (“GE”) to purchase any and all of certain of its outstanding U.S. dollar, euro and pound sterling denominated subordinated debentures, and the related U.S. dollar, euro and pound sterling denominated trust securities issued by certain GE Capital Trusts. Approximately $4.2 billion in aggregate principal amount of the target securities were validly tendered and accepted for purchase in the tender offers, representing total participation of approximately 84%.

GE is a global digital 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, GE serves customers in approximately 175 countries and employs approximately 305,000 people worldwide.

The Davis Polk corporate team included partners Richard J. Sandler and John B. Meade, European counsel John Taylor, counsel Marcel Fausten and associate Christopher M. Bezeg. The tax team included partner Rachel D. Kleinberg and associate Patrick E. Sigmon. Members of the Davis Polk team are based in the New York, London and Northern California offices.

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