General Electric Company Announces Expiration of Any & All Cash Tender Offer for Certain Hybrid Securities & Final Results of...

General Electric Company (“GE” or the “Offeror”) today announced that its previously announced cash tender offers for any and all of the securities listed in the table below (collectively, the “Tender Offer”), pursuant to its offer to purchase dated January 26, 2016 (the “Offer to Purchase”), expired at 5:00 p.m., New York City time, on February 2, 2016 (the “Expiration Time”). At the Expiration Time, valid tenders had been received in the amounts set forth in the table below for total participation of approximately 84%.

Issuer

(1)

Security(2)

Par Call Date

(3)

CUSIPNumber

ISIN

Aggregate Principal/ LiquidationAmountOutstanding(4)

AggregatePrincipalAmountTendered(5)

Percentage ofOutstandingAmountTendered(5)

General ElectricCompany

5.500% Fixed to FloatingRate EUR SubordinatedDebentures due 2067

September 15,2017

        
        
        
        
          —
        
        
        
        
        
        
          

XS0319639232 /XS0319639745

        
        
        
        
        
        
          €879,560,000
        
        
        
        
        
        
          €678,266,000
        
        
        
        
        
        
          77.11%
        
      
      
        
          GE Capital Trust II
        
        
        
        
        
        
          

5.500% Fixed to FloatingRate EUR TrustSecurities due 2067

September 15,2017

        
        
        
        
          —
        
        
        
        
        
        
          

XS0491211644 /XS0492535835

        
        
        
        
        
        
          €620,440,000
        
        
        
        
        
        
          €539,102,000
        
        
        
        
        
        
          86.89%
        
      
      
        
          

General ElectricCompany

6.500% Fixed to FloatingRate GBP SubordinatedDebentures due 2067

September 15,2017

        
        
        
        
          —
        
        
        
        
        
        
          

XS0319640834 /XS0319641725

        
        
        
        
        
        
          £512,525,000
        
        
        
        
        
        
          £474,786,000
        
        
        
        
        
        
          92.64%
        
      
      
        
          GE Capital Trust III
        
        
        
        
        
        
          

6.500% Fixed to FloatingRate GBP TrustSecurities due 2067

September 15,2017

        
        
        
        
          —
        
        
        
        
        
        
          

XS0491211990 /XS0492544746

        
        
        
        
        
        
          £87,475,000
        
        
        
        
        
        
          £82,222,000
        
        
        
        
        
        
          93.99%
        
      
      
        
          

General ElectricCompany

6.375% Fixed to FloatingRate USD SubordinatedDebentures due 2067

November 15,2017

        
        
        
        
          36962G3M4
        
        
        
        
        
        
          US36962G3M40
        
        
        
        
        
        
          $1,686,928,000
        
        
        
        
        
        
          $1,404,743,000
        
        
        
        
        
        
          83.27%
        
      
      
        
          GE Capital Trust I
        
        
        
        
        
        
          

6.375% Fixed to FloatingRate USD TrustSecurities due 2067

        
        
        
        
        
        
          November 15, 2017
        
        
        
        
          36830GAA2
        
        
        
        
        
        
          US36830GAA22
        
        
        
        
        
        
          $813,072,000
        
        
        
        
        
        
          $666,845,000
        
        
        
        
        
        
          82.02%
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
           
        
      
    
    

_____________________

    
      
        
          (1)
        
        
           
        
        
          On December 3, 2015, GE completed the previously announced 
          realignment and reorganization (the “Reorganization”) of the 
          businesses of General Electric Capital Corporation (“GECC”). The 
          Reorganization was effected as part of GE’s plan announced on April 
          10, 2015 to reduce the size of its financial services businesses 
          through the sale of most of GECC’s assets and to focus on continued 
          investment and growth in GE’s industrial businesses. As part of the 
          Reorganization, effective December 2, 2015, GECC merged with and 
          into GE (the “Merger”) to assure compliance with debt covenants as 
          GECC exits the assets planned for disposition. Upon the Merger, the 
          obligations of GECC under its outstanding obligations, including as 
          issuer of each series of subordinated debentures (the “Subordinated 
          Debentures”) and as sponsor of each of the capital trusts (the “GE 
          Capital Trusts”) set forth in the table above, were assumed by GE.
        
      
      
        
        
        
        
        
           
        
      
      
        
          (2)
        
        
        
        
          Each series of Subordinated Debentures has a corresponding series of 
          trust securities (the “Trust Securities” and together with the 
          Subordinated Debentures, the “Securities”) issued by a GE Capital 
          Trust in which a portion of such Subordinated Debentures and no 
          other assets are held.
        
      
      
        
        
        
        
        
           
        
      
      
        
          (3)
        
        
        
        
          Each series of Securities is subject to redemption on and after the 
          date specified in the table above at a redemption price equal to 
          100% of the principal or liquidation amount, as applicable, plus 
          accrued interest thereon.
        
      
      
        
        
        
        
        
           
        
      
      
        
          (4)
        
        
        
        
          The aggregate principal amount listed for each series of 
          Subordinated Debentures in the table above excludes the portion held 
          in a GE Capital Trust, which are allocated for purposes of this 
          table to the aggregate liquidation amount of the applicable series 
          of Trust Securities.
        
      
      
        
        
        
        
        
           
        
      
      
        
          (5)
        
        
        
        
          Excludes Securities tendered through the guaranteed delivery 
          procedures.
        
      
      
        
        
        
        
        
           
        
      
    
    

The Offeror expects to accept for payment all Securities validly tendered and not validly withdrawn in the Tender Offer and expects to make payment for the Securities, other than Securities delivered in accordance with the guaranteed delivery procedures, on February 3, 2016. The Offeror expects to make payment for the Securities delivered pursuant to the guaranteed delivery procedures on February 5, 2016.

Any Securities that are purchased by the Offeror in the Tender Offer will be retired and canceled.

J.P. Morgan Securities LLC, J.P. Morgan Securities plc, Merrill Lynch, Pierce, Fenner & Smith Incorporated and Merrill Lynch International acted as the Dealer Managers for the Tender Offer. D.F. King & Co., Inc. and Lucid Issuer Services Limited served as the Tender Agents and Information Agents for the Tender Offer.

This communication does not constitute an offer to purchase or a solicitation of an offer to sell Securities in any jurisdiction in which, or to or from any person to or from whom, it is unlawful to make such offer or solicitation under applicable securities or blue sky laws or otherwise. This communication does not constitute an offer to sell any securities or the solicitation of an offer to buy any securities (other than the Securities set forth in the table above).

The distribution of this communication and the Offer to Purchase in certain jurisdictions may be restricted by law. Persons into whose possession this communication and/or the Offer to Purchase comes are required by each of the Offeror, the Dealer Managers and the Tender Agents to inform themselves about, and to observe, any such restrictions.

Forward-Looking Statements

This communication contains “forward-looking statements”—that is, statements related to future, not past, events. In this context, forward-looking statements often address our expected future business and financial performance and financial condition, and often contain words such as “expect,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “see,” “will,” “would,” or “target.” Forward-looking statements by their nature address matters that are, to different degrees, uncertain, such as statements about the Tender Offer. Uncertainties that could cause our actual results to be materially different than those expressed in our forward-looking statements include the failure to consummate any of these transactions or to make or take any filing or other action required to consummate any such transaction on a timely matter or at all. These or other uncertainties may cause our actual future results to be materially different from those expressed in our forward-looking statements.

View source version on businesswire.com: http://www.businesswire.com/news/home/20160202006739/en/

General Electric CompanyInvestors:Matt Cribbins, [e-mail]:Seth Martin, [e-mail]