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-0.00289435600578865 0 -0.00217076700434149 -0.00651230101302459 -0.0137481910274963 -0.0180897250361794 -0.012301013024602 -0.0057887120115773
Stock impact report

General Electric Refinances Some Debt and Repays Some as Well [TheStreet.com]

General Electric Company (GE) 
Last general electric company earnings: 4/30 04:02 pm Check Earnings Report
US:NYSE Investor Relations: ge.com/investor-relations/overview
Company Research Source: TheStreet.com
General Electric(GEGet ReportAs for the refinancing, “to extend its industrial debt maturities and enhance its liquidity profile, GE is launching a strategic debt issuance to fund an immediate tender for GE bonds maturing through 2024,” the Boston company said in a statement.To pay down debt, GE is using the $20 billion it received for selling its BioPharma unit March 31 to Danaher.GE will use part of the money to repay $6 billion of its inter-company loan to GE Capital. In addition, GE Capital is launching a tender for up to $9 billion of debt maturing in 2020. And GE Capital repaid $4.7 billion of debt that matured in the first quarter.“With net proceeds of about $20 billion from the sale of BioPharma now in hand, we are taking swift actions to derisk and delever our balance sheet and prudently manage our liquidity amid a challenging external environment,” Chief Executivie Lawrence Culp said in a statement.“We continue to execute on our priorities, including solidifying our financia Show less Read more
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