BOSTON–(BUSINESS WIRE)–GE (NYSE:GE) today announced the pricing for its previously announced offers to purchase for cash, for its own account (including as successor of General Electric Capital Corporation and General Electric Capital Services, Inc.) and on behalf of GE Capital International Funding Company Unlimited Company (formerly GE Capital International Funding Company), GE Capital European Funding Unlimited Company (formerly GE Capital European Funding), GE Capital UK Funding Unlimited Company (formerly GE Capital UK Funding), GE Capital Funding, LLC, and Security Capital Group Incorporated (for its own account and as successor of SUSA Partnership, L.P.) (collectively, the “Subsidiary Issuers”), upon the terms and subject to the conditions set forth in the Offer to Purchase, dated November 10, 2021 (as amended hereby, and as it may be further amended or supplemented from time to time, the “Offer to Purchase”):
- up to $7,000,000,000 (the “Pool One Maximum Amount”) aggregate principal amount (U.S. dollar equivalent) of the securities listed on Table I below (such securities, the “Pool One Securities” and, such offer to purchase, the “Pool One Tender Offer”), issued by GE or an affiliate (and assumed or guaranteed by GE);
- up to $7,950,000,000 (as previously amended, the “New Pool Two Maximum Amount”) aggregate principal amount (U.S. dollar equivalent) of the securities listed on Table II below (such securities, the “Pool Two Securities” and, such offer to purchase, the “Pool Two Tender Offer”), issued by GE or an affiliate (and assumed or guaranteed by GE); and
- up to $10,050,000,000 (as previously amended, the “New Pool Three Maximum Amount” and together with the Pool One Maximum Amount and the New Pool Two Maximum Amount, the “New Maximum Amounts” and each, a “Maximum Amount”) aggregate principal amount (U.S. dollar equivalent) of the securities listed on Table III below (such securities, the “Pool Three Securities” and, together with the Pool One Securities and the Pool Two Securities, the “Securities” and, such offer to purchase, the “Pool Three Tender Offer” and, together with the Pool One Tender Offer and the Pool Two Tender Offer, the “Tender Offers” and each, a “Tender Offer”), issued by GE or an affiliate (and assumed or guaranteed by GE).
Table I, Table II and Table III below outline the applicable “Reference Yield” and the applicable “Total Consideration” for each series of Securities, as determined in the manner described in the Offer to Purchase.
The “Total Consideration” for each series of Fixed Spread Securities (as defined in the Offer to Purchase) was calculated by reference to the applicable “Reference Yield,” which means, (i) for each series of Fixed Spread Dollar Securities and Fixed Spread Sterling Securities (each, as defined in the Offer to Purchase), a yield to the applicable maturity date of such series of Securities equal to the sum (such sum being annualized in the case of the Fixed Spread Sterling Securities) of (a) the Reference Yield of the applicable Reference Security outlined in the applicable table below, determined at 10:00 a.m., New York City time, on November 29, 2021 (the “Reference Yield Determination Date”), plus (b) the applicable Fixed Spread (as set forth on the applicable table below), minus accrued and unpaid interest on such Securities from, and including, the most recent interest payment date prior to the Early Payment Date (as defined below) up to, but not including, the Early Payment Date, and (ii) for each series of Fixed Spread Euro Securities (as defined in the Offer to Purchase), a yield to the applicable maturity date of such series of Securities equal to the sum of (a) the Reference Yield (corresponding to the applicable Interpolated Rate for such series listed in the applicable table below) determined at the Reference Yield Determination Date plus (b) the applicable Fixed Spread, minus accrued and unpaid interest on such Securities from, and including, the most recent interest payment date prior to the Early Payment Date up to, but not including, the Early Payment Date.
The “Total Consideration” for each series of Fixed Price Securities (as defined in the Offer to Purchase) is a price per $1,000, £1,000 or €1,000 principal amount of such series of Fixed Price Securities listed in Table I, Table II or Table III, as applicable.
Holders who validly tendered and did not validly withdraw such Securities at or prior to 5:00 p.m., New York City time, on November 24, 2021 (the “Early Participation Date”) that were accepted for purchase will receive the applicable “Total Consideration” listed in Table I, Table II or Table III below, as applicable, for their Securities, which includes an early participation amount of $50.00 per $1,000 principal amount of the Securities denominated in U.S. dollars, £50.00 per £1,000 principal amount of the Securities denominated in Pounds Sterling, or €50.00 per €1,000 principal amount of the Securities denominated in Euros, as applicable, that were accepted for purchase (the “Early Participation Amount”). In addition, holders whose Securities were accepted for purchase pursuant to a Tender Offer will also receive accrued and unpaid interest on the Securities from, and including, the most recent interest payment date prior to the applicable Payment Date up to, but not including, the applicable Payment Date (“Accrued Interest”). See the Offer to Purchase for additional information.
Table I: Pool One Securities – Pool One Maximum Amount of $7,000,000,000 |
||||||||||||||||||
|
|
|
|
|
Fixed Spread Securities |
All Securities |
||||||||||||
Title of |
Security |
Applicable |
Principal |
Acceptance |
Reference |
Bloomberg |
Fixed |
Reference |
Total |
|||||||||
0.800% Notes |
CUSIP: — |
January 21, |
€252,151,000 |
1 |
N/A |
N/A |
N/A |
N/A |
€1,003.00 |
|||||||||
0.375% Notes |
CUSIP: — |
May 17, |
€816,383,000 |
2 |
N/A |
N/A |
N/A |
N/A |
€1,003.75 |
|||||||||
3.150% Notes |
CUSIP: 36962G6F6 |
September 7, |
$620,076,000 |
3 |
0.125% U.S.T. |
FIT3 |
22 |
0.167% |
$1,021.13 |
|||||||||
5.980% Notes |
CUSIP: — |
September 16, |
€100,000,000 |
4 |
N/A |
N/A |
N/A |
N/A |
€1,051.25 |
|||||||||
2.700% Notes |
CUSIP: 369604BD4 |
October 9, |
$752,538,000 |
5 |
0.125% U.S.T. |
FIT3 |
20 |
0.172% |
$1,019.86 |
|||||||||
3.100% Notes |
CUSIP: |
January 9, |
$690,982,000 |
6 |
0.125% U.S.T. |
FIT4 |
30 |
0.251% |
$1,028.05 |
|||||||||
Floating Rate |
CUSIP: 36966THT2
ISIN: |
March 15, |
$437,642,000 |
7 |
N/A |
N/A |
N/A |
N/A |
$1,011.25 |
|||||||||
2.625% Notes |
CUSIP: — |
March 15, |
€543,097,000 |
8 |
March 2023 |
ICAE1 |
(5) |
-0.463% |
€1,040.57 |
|||||||||
Floating Rate |
CUSIP: 36966TJA1
ISIN: |
April 15, |
$152,470,000 |
9 |
N/A |
N/A |
N/A |
N/A |
$1,010.00 |
|||||||||
1.250% Notes |
CUSIP: — |
May 26, |
€766,050,000 |
10 |
May 2023 |
ICAE1 |
5 |
-0.438% |
€1,024.40 |
|||||||||
4.125% Notes |
CUSIP: — |
September 13, |
£550,000,000 |
11 |
UKT 2.250% |
FIT GLT0-10 |
44 |
0.473% |
£1,056.50 |
|||||||||
3.375% Notes |
CUSIP: |
March 11, |
$437,778,000 |
12 |
0.750% U.S.T. |
FIT1 |
0 |
0.849% |
$1,056.86 |
|||||||||
Floating Rate |
CUSIP: 36962GL36 |
May 13, |
$157,632,000 |
13 |
N/A |
N/A |
N/A |
N/A |
$1,000.00 |
|||||||||
3.450% Notes |
CUSIP: |
May 15, |
$527,570,000 |
14 |
0.750% U.S.T. |
FIT1 |
0 |
0.849% |
$1,063.07 |
|||||||||
3.450% Notes |
CUSIP: |
May 15, |
$1,350,000,000 |
15 |
1.125% U.S.T. |
FIT1 |
22 |
1.219% |
$1,067.55 |
|||||||||
0.875% Notes |
CUSIP: — |
May 17, |
€2,000,000,000 |
16 |
May 2025 |
ICAE1 |
9 |
-0.218% |
€1,034.78 |
|||||||||
3.373% Notes |
CUSIPs: |
November 15, |
$1,979,425,000 |
17 |
1.125% U.S.T. |
FIT1 |
2 |
1.219% |
$1,082.12 |
|||||||||
5.550% Notes |
CUSIP: 36962GT95 |
January 5, |
$494,725,000 |
18 |
1.125% U.S.T. |
FIT1 |
10 |
1.219% |
$1,168.09 |
|||||||||
Floating Rate |
CUSIP: |
May 5, |
$925,000,000 |
19 |
N/A |
N/A |
N/A |
N/A |
$998.75 |
Table II: Pool Two Securities – New Pool Two Maximum Amount of $7,950,000,000 |
||||||||||||||||||
|
|
|
|
|
Fixed Spread Securities |
All Securities |
||||||||||||
Title of |
|
Security |
|
Applicable |
|
Principal |
|
Acceptance |
|
Reference |
|
Bloomberg |
|
Fixed |
|
Reference |
|
Total |
4.625% Notes |
|
CUSIP: — |
|
February 22, |
|
€600,000,000 |
|
1 |
|
February 2027 |
|
ICAE1 |
|
19 |
|
-0.102% |
|
€1,236.51 |
3.450% Notes |
|
CUSIP: 369604BV4 |
|
May 1, |
|
$1,000,000,000 |
|
2 |
|
1.125% U.S.T. |
|
FIT1 |
|
49 |
|
1.219% |
|
$1,089.70 |
4.050% Notes |
|
CUSIP: 36166NAH6 |
|
May 15, |
|
$1,000,000,000 |
|
3 |
|
1.125% U.S.T. |
|
FIT1 |
|
54 |
|
1.219% |
|
$1,118.67 |
1.875% Notes |
|
CUSIP: — |
|
May 28, |
|
€875,937,000 |
|
4 |
|
May 2027 |
|
ICAE1 |
|
22 |
|
-0.086% |
|
€1,095.12 |
7.500% Notes |
|
CUSIP: 869049AE6 |
|
December 1, |
|
$100,000,000 |
|
5 |
|
1.125% U.S.T. |
|
FIT1 |
|
50 |
|
1.219% |
|
$1,328.23 |
7.700% Notes |
|
CUSIP: 81413PAG0 |
|
June 15, |
|
$200,000,000 |
|
6 |
|
1.375% U.S.T. |
|
FIT1 |
|
20 |
|
1.560% |
|
$1,365.37 |
5.250% Notes |
|
CUSIP: — |
|
December 7, |
|
£315,119,000 |
|
7 |
|
UKT 6.000% |
|
FIT GLT0-10 |
|
79 |
|
0.691% |
|
£1,249.01 |
1.500% Notes |
|
CUSIP: — |
|
May 17, |
|
€1,465,943,000 |
|
8 |
|
May 2029 |
|
ICAE1 |
|
42 |
|
0.028% |
|
€1,076.98 |
Floating Rate |
|
CUSIP: — |
|
June 29, |
|
€108,000,000 |
|
9 |
|
N/A |
|
N/A |
|
N/A |
|
N/A |
|
€977.50 |
3.625% Notes |
|
CUSIP: 369604BW2 |
|
May 1, |
|
$1,250,000,000 |
|
10 |
|
1.375% U.S.T. |
|
FIT1 |
|
36 |
|
1.560% |
|
$1,131.91 |
4.400% Notes |
|
CUSIP: 36166NAJ2 |
|
May 15, |
|
$2,900,00,000 |
|
11 |
|
1.375% U.S.T. |
|
FIT1 |
|
41 |
|
1.560% |
|
$1,188.41 |
5.625% Notes |
|
CUSIP: — |
|
September 16, |
|
£129,058,000 |
|
12 |
|
UKT 0.250% |
|
FIT GLT0-10 |
|
105 |
|
0.895% |
|
£1,324.16 |
6.750% Notes |
|
CUSIP: 36962GXZ2 |
|
March 15, |
|
$2,969,071,000 |
|
13 |
|
1.375% U.S.T. |
|
FIT1 |
|
73 |
|
1.560% |
|
$1,406.72 |
4.550% Notes |
|
CUSIP: 36166NAK9 |
|
May 15, |
|
$750,000,000 |
|
14 |
|
1.375% U.S.T. |
|
FIT1 |
|
60 |
|
1.560% |
|
$1,222.60 |
3.650% Notes |
|
CUSIP: — |
|
August 23, |
|
€290,000,000 |
|
15 |
|
August 2032 |
|
ICAE1 |
|
75 |
|
0.212% |
|
€1,272.66 |
5.875% Notes |
|
CUSIP: — |
|
January 18, |
|
£650,000,000 |
|
16 |
|
UKT 0.875% |
|
FIT GLT10-50 |
|
98 |
|
0.947% |
|
£1,390.96 |
7.500% Notes |
|
CUSIP: 36959CAA6 |
|
August 21, |
|
$210,896,000 |
|
17 |
|
1.375% U.S.T. |
|
FIT1 |
|
85 |
|
1.560% |
|
$1,591.66 |
4.125% Notes |
|
CUSIP: — |
|
September 19, |
|
€750,000,000 |
|
18 |
|
September 2035 |
|
ICAE1 |
|
73 |
|
0.331% |
|
€1,391.37 |
Floating Rate |
|
CUSIP: 36962GX74 |
|
August 15, |
|
$285,787,000 |
|
19 |
|
N/A |
|
N/A |
|
N/A |
|
N/A |
|
$925.00 |
Table III: Pool Three Securities – New Pool Three Maximum Amount of $10,050,000,000 |
||||||||||||||||||
|
|
|
|
|
Fixed Spread Securities |
All Securities |
||||||||||||
Title of |
|
Security |
|
Applicable |
|
Principal |
|
Acceptance |
|
Reference |
|
Bloomberg |
|
Fixed |
|
Reference |
|
Total |
2.125% Notes due 2037**† |
|
CUSIP: — ISIN: XS1612543394 |
|
May 17, 2037 |
|
€1,007,514,000 |
|
1 |
|
May 2037 Interpolated Rate |
|
ICAE1 |
|
77 |
|
0.371% |
|
€1,138.69 |
6.150% Notes due 2037† |
|
CUSIP: 36962G3A0 ISIN: US36962G3A02 |
|
August 7, 2037 |
|
$385,211,000 |
|
2 |
|
1.750% U.S.T. due August 15, 2041 |
|
FIT1 |
|
70 |
|
1.977% |
|
$1,442.37 |
4.875% Notes due 2037***† |
|
CUSIP: — ISIN: XS0229561831 |
|
September 18, 2037 |
|
£512,623,000 |
|
3 |
|
UKT 1.750% 7-Sep-37 |
|
FIT GLT10-50 |
|
150 |
|
1.079% |
|
£1,292.23 |
5.875% Notes due 2038† |
|
CUSIP: 36962G3P7 ISIN: US36962G3P70 |
|
January 14, 2038 |
|
$1,530,219,000 |
|
4 |
|
1.750% U.S.T. due August 15, 2041 |
|
FIT1 |
|
71 |
|
1.977% |
|
$1,414.81 |
6.025% Notes due 2038***†† |
|
CUSIP: — ISIN: XS0350890470 |
|
March 1, 2038 |
|
€650,000,000 |
|
5 |
|
March 2038 Interpolated Rate |
|
ICAE1 |
|
76 |
|
0.384% |
|
€1,719.86 |
Floating Rate Notes due 2038***††† |
|
CUSIP: — ISIN: XS0357179273 |
|
March 5, 2038 |
|
£23,100,000 |
|
6 |
|
N/A |
|
N/A |
|
N/A |
|
N/A |
|
£1,027.50 |
6.250% Notes due 2038***††† |
|
CUSIP: — ISIN: XS0361336356 |
|
May 5, 2038 |
|
£267,204,000 |
|
7 |
|
UKT 4.750% 7-Dec-38 |
|
FIT GLT10-50 |
|
106 |
|
1.034% |
|
£1,570.42 |
6.875% Notes due 2039† |
|
CUSIP: 36962G4B7 ISIN: US36962G4B75 |
|
January 10, 2039 |
|
$1,197,804,000 |
|
8 |
|
1.750% U.S.T. due August 15, 2041 |
|
FIT1 |
|
76 |
|
1.977% |
|
$1,562.25 |
8.000% Notes due 2039***††† |
|
CUSIP: — ISIN: XS0408304995 |
|
January 14, 2039 |
|
£650,000,000 |
|
9 |
|
UKT 4.250% 7-Sep-39 |
|
FIT GLT10-50 |
|
109 |
|
1.054% |
|
£1,829.29 |
4.250% Notes due 2040 |
|
CUSIP: 369604BX0 ISIN: US369604BX09 |
|
May 1, 2040 |
|
$748,493,000 |
|
10 |
|
1.750% U.S.T. due August 15, 2041 |
|
FIT1 |
|
65 |
|
1.977% |
|
$1,235.75 |
5.375% Notes due 2040*****† |
|
CUSIP: — ISIN: XS0182703743 |
|
December 18, 2040 |
|
£350,086,000 |
|
11 |
|
UKT 4.250% 7-Dec-40 |
|
FIT GLT10-50 |
|
111 |
|
1.074% |
|
£1,490.48 |
4.125% Notes due 2042 |
|
CUSIP: 369604BF9 ISIN: US369604BF92 |
|
October 9, 2042 |
|
$478,687,000 |
|
12 |
|
1.750% U.S.T. due August 15, 2041 |
|
FIT1 |
|
75 |
|
1.977% |
|
$1,221.22 |
4.500% Notes due 2044 |
|
CUSIP: 369604BH5 ISIN: US369604BH58 |
|
March 11, 2044 |
|
$689,918,000 |
|
13 |
|
1.750% U.S.T. due August 15, 2041 |
|
FIT1 |
|
75 |
|
1.977% |
|
$1,294.52 |
4.350% Notes due 2050 |
|
CUSIP: 369604BY8 ISIN: US369604BY81 |
|
May 1, 2050 |
|
$1,276,624,000 |
|
14 |
|
2.000% U.S.T. due August 15, 2051 |
|
FIT1 |
|
75 |
|
1.906% |
|
$1,336.44 |
4.418% Notes due 2035****††††† |
|
CUSIPs: |
|
November 15, 2035 |
|
$11,464,668,000 |
|
15 |
|
1.375% U.S.T. due November 15, 2031 |
|
FIT1 |
|
75 |
|
1.560% |
|
$1,250.24 |
* |
Admitted to trading on the Regulated Market of the Luxembourg Stock Exchange. |
|
** |
Listed on the New York Stock Exchange. |
|
*** |
Admitted to trading on the Regulated Market of the London Stock Exchange. |
|
**** |
Admitted to trading on the Regulated Market of Euronext Dublin. |
|
***** |
Admitted to trading on the Regulated Market of the London Stock Exchange and the Luxembourg Stock Exchange. |
|
****** |
Admitted to trading on the Regulated Market of the Luxembourg Stock Exchange and Euronext Dublin. |
|
† |
Originally issued by General Electric Capital Corporation. |
|
†† |
Issued by GE Capital European Funding Company Unlimited Company (formerly known as GE Capital European Funding). |
|
††† |
Issued by GE Capital UK Funding Company Unlimited Company (formerly known as GE Capital UK Funding). |
|
†††† |
Issued by GE Capital Funding, LLC. |
|
††††† |
Issued by GE Capital International Funding Company Unlimited Company (formerly known as GE Capital International Funding Company). |
|
†††††† |
Issued by Security Capital Group Incorporated (as successor to SUSA Partnership, L.P.). |
|
††††††† |
Issued by Security Capital Group Incorporated. |
|
†††††††† |
Originally issued by General Electric Capital Services, Inc. |
|
(1) |
The applicable Total Consideration payable for each series of Fixed Spread Securities will be at a price per $1,000, £1,000 or €1,000 principal amount of such series of Fixed Spread Securities validly tendered on or prior to the Early Participation Date and accepted for purchase by us, which is calculated using the applicable Fixed Spread, and when calculated in such a manner already includes the applicable Early Participation Amount. The applicable Total Consideration payable for each series of Fixed Price Securities will be at a fixed price per $1,000, £1,000 or €1,000 principal amount of such series of Fixed Price Securities validly tendered on or prior to the Early Participation Date and accepted for purchase by us, as set forth above. In addition, holders whose Securities were accepted for purchase will also receive any Accrued Interest on such Securities. |
Withdrawal rights for each Tender Offer expired at 5:00 p.m., New York City time, on November 24, 2021, and have not been extended. The “Early Payment Date” for each Tender Offer is December 1, 2021 and the “Expiration Date” is 11:59 p.m., New York City time, on December 9, 2021, unless extended or earlier terminated by GE. Consummation of each Tender Offer is subject to certain conditions (as described in the Offer to Purchase). Given that the aggregate principal amount of the Securities validly tendered in each Tender Offer prior to the Early Participation Date exceeds the applicable Maximum Amount, GE will not accept any further tenders of such Securities.
GE has retained BofA Securities, Merrill Lynch International and J.P. Morgan Securities LLC to act as the Global Coordinators and the Lead Dealer Managers, Deutsche Bank Securities Inc., Deutsche Bank AG, London Branch and Morgan Stanley & Co. LLC to act as the Lead Dealer Managers, BNP Paribas Securities Corp., HSBC Securities (USA) Inc., Mizuho Securities USA LLC and SMBC Nikko Securities America, Inc. to act as the Senior Co-Dealer Managers and Academy Securities, Inc., R. Seelaus & Co., LLC, Samuel A. Ramirez & Company, Inc. and Siebert Williams Shank & Co., LLC to act as the Co-Dealer Managers, in connection with the Tender Offers (collectively, the “Dealer Managers”). Questions regarding terms and conditions of the Tender Offers should be directed to BofA Securities at +1 (888) 292-0070 (toll free), +1 (980) 287-6959 (collect) or (980) 388-0539, to Merrill Lynch International at +44 20 7996 5420 (collect), to J.P. Morgan Securities LLC at +1 (866) 834-4666 (toll free), +1 (212) 834-4045 (collect), +44 20 7134 2468 (UK), to Deutsche Bank Securities Inc. at +1 (866) 627-0391 (toll free), +1 (212) 250-2955 (collect), to Deutsche Bank AG, London Branch at +44 20 7545 8011 or to Morgan Stanley & Co. LLC at +1 (800) 624-1808 (toll free), +1 (212) 761-1057 (collect).
D.F. King has been appointed the information agent and the tender agent with respect to the Tender Offers (the “Information and Tender Agent”). The Offer to Purchase can be accessed at the Tender Offers website: http://www.dfking.com/ge. Questions or requests for assistance in connection with the Tender Offers for the Securities or for additional copies of the Offer to Purchase may be directed to the Information and Tender Agent at +1 (800) 755-7250 (toll free), +1 (212) 269-5550 (collect), +44 20 7920 9700 (London) or via e-mail at ge@dfking.com. You may also contact your broker, dealer, commercial bank, trust company or other nominee for assistance concerning the Tender Offers.
GE reserves the right, in its sole discretion, not to purchase any Securities or to extend, re-open, withdraw or terminate any Tender Offer and to amend or waive any of the terms and conditions of any Tender Offer in any manner, subject to applicable laws and regulations.
Holders are advised to read carefully the Offer to Purchase for full details of and information on the procedures for participating in any Tender Offer.
Holders are advised to check with any custodian or nominee, or other intermediary through which they hold Securities, whether such entity would require the receipt of instructions to participate in, or notice of a revocation of their instruction to participate in, any Tender Offer before the deadlines specified in the Offer to Purchase. The deadlines set by any custodian or nominee, or by the relevant Clearing System, for the submission and revocation of valid electronic tender and blocking instructions, in the form required by the relevant Clearing System, may be earlier than the relevant deadlines specified above.
Unless stated otherwise, announcements in connection with the Tender Offers will be made available on GE’s website at www.genewsroom.com. Such announcements may also be made by (i) the issue of a press release and (ii) the delivery of notices to the Clearing Systems for communication to Direct Participants. Copies of all such announcements, press releases and notices can also be obtained from the Information and Tender Agent, the corresponding contact details for whom are set out above. Significant delays may be experienced where notices are delivered to the Clearing Systems and Holders are urged to contact the Information and Tender Agent for the relevant announcements relating to the Tender Offers. In addition, all documentation relating to the Tender Offers, together with any updates, will be available via the Offer Website: http://www.dfking.com/ge.
DISCLAIMER This announcement must be read in conjunction with the Offer to Purchase. This announcement and the Offer to Purchase contain important information which should be read carefully before any decision is made with respect to the Tender Offers. If you are in any doubt as to the contents of this announcement or the Offer to Purchase or the action you should take, you are recommended to seek your own financial, legal and tax advice, including as to any tax consequences, immediately from your broker, bank manager, solicitor, accountant or other independent financial or legal adviser. Any individual or company whose Securities are held on its behalf by a broker, dealer, bank, custodian, trust company or other nominee or intermediary must contact such entity if it wishes to participate in the Tender Offers. None of GE, the Subsidiary Issuers, the Dealer Managers, the Information and Tender Agent or any of their respective directors, officers, employees, agents or affiliates makes any recommendation as to whether or not Holders should tender their Securities in the Tender Offers.
None of GE, the Subsidiary Issuers, the Dealer Managers, the Information and Tender Agent or any of their respective directors, officers, employees, agents or affiliates assumes any responsibility for the accuracy or completeness of the information concerning GE, the Securities or the Tender Offers contained in this announcement or in the Offer to Purchase. None of GE, the Subsidiary Issuers, the Dealer Managers, the Information and Tender Agent or any of their respective directors, officers, employees, agents or affiliates is acting for any Holder, or will be responsible to any Holder for providing any protections which would be afforded to its clients or for providing advice in relation to the Tender Offers, and accordingly none of GE, the Subsidiary Issuers, the Dealer Managers, the Information and Tender Agent or any of their respective directors, officers, employees, agents or affiliates assumes any responsibility for any failure by GE to disclose information with regard to GE or the Securities which is material in the context of the Tender Offers and which is not otherwise publicly available.
Contacts
GE Investor Contact
Steve Winoker, 617.443.3400
swinoker@ge.com
GE Media Contact
Mary Kate Mullaney, 202.304.6514
Marykate.nevin@ge.com