Reported Earlier, GE Healthcare Technologies Prices Upsized Secondary Offering Of 15M Common Shares At $86/Share
Portfolio Pulse from Benzinga Newsdesk
GE Healthcare Technologies has priced an upsized secondary offering of 15 million common shares at $86 per share. GE HealthCare will not receive any proceeds from this offering. GE Aerospace plans to exchange these shares for its debt held by Morgan Stanley affiliates, who will then sell the shares.
September 13, 2024 | 6:40 am
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GE Aerospace, a part of General Electric Company, is exchanging GE Healthcare shares for its debt with Morgan Stanley affiliates. This move is part of a secondary offering where Morgan Stanley will sell the shares.
GE Aerospace's exchange of shares for debt is a strategic move to manage its liabilities. While it doesn't directly affect GE's immediate financials, it reflects on its debt management strategy.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
GE Healthcare Technologies is conducting a secondary offering of 15 million shares at $86 each. The company will not receive proceeds from this offering, as the shares are being exchanged by GE Aerospace for debt with Morgan Stanley affiliates.
The secondary offering involves a significant number of shares, but GE HealthCare will not receive any proceeds, as the shares are being used to settle GE Aerospace's debt. This may not directly impact GEHC's financials but could affect market perception.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80