General Electric Company $5 Billion Cash Tender Offers
Davis Polk advised the joint dealer-managers in connection with offers to purchase by General Electric Company of up to $2.5 billion aggregate purchase price 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.
The Davis Polk capital markets team included partner John B. Meade and associate Angela Park. The tax team included partner Rachel D. Kleinberg. Members of the Davis Polk team are based in the New York and Northern California offices.