NOT FOR DISTRIBUTION IN OR INTO THE UNITED STATES, ITS TERRITORIES AND POSSESSIONS (INCLUDING PUERTO RICO, THE U.S. VIRGIN ISLANDS, GUAM, AMERICAN SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA ISLANDS), ANY STATE OF THE UNITED STATES OR THE DISTRICT OF COLUMBIA (the “United States”) OR IN OR INTO ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS DOCUMENT.
GE Capital Australia Funding Pty. Ltd. (ACN 085 675 467) (“GECAF”), GE Capital Canada Funding Company (“GECCF”) and GE Capital UK Funding Unlimited Company (“GECUKF” and, together with GECAF and GECCF, the “Offerors”) today announced the final results and pricing for the cash tender offers launched on 25 April 2016 to purchase any and all of the securities set forth in the table below (each an “Offer” and collectively the “Tender Offer”).
AUD Fixed | Securities | ISIN | Aggregate | Fixed | Reference | Purchase | Fixed Rate | Aggregate | ||||||||
GE Capital |
4.000% | XS0934529768 | AUD200,000,000 | 50 bps | 1.900% | 2.414% | AUD1,030.99 | AUD11,061,000 | ||||||||
4.125% | XS1023248203 | AUD150,000,000 | 55 bps | 1.907% | 2.472% | AUD1,035.13 | AUD15,256,000 | |||||||||
5.000% | XS0972856917 | AUD150,000,000 | 55 bps | 1.956% | 2.522% | AUD1,079.07 | AUD15,098,000 | |||||||||
CAD Fixed | Securities | ISIN / CUSIP | Aggregate | Fixed | Reference | Purchase | Fixed Rate | Aggregate | ||||||||
GE Capital |
5.530% |
CA36158ZBH88 / | CAD1,350,000,000 | 45 bps | 0.565% | 1.015% | CAD1,056.66 | CAD700,182,000 | ||||||||
4.400% |
CA36158ZBR60 / | CAD400,000,000 | 55 bps | 0.556% | 1.106% | CAD1,056.65 | CAD231,481,000 | |||||||||
2.420% |
CA36158ZCA27 / | CAD1,000,000,000 | 35 bps | 0.573% | 0.923% | CAD1,030.36 | CAD794,181,000 | |||||||||
3.550% |
CA36158ZBX39 / | CAD350,000,000 | 55 bps | 0.608% | 1.158% | CAD1,072.21 | CAD252,253,000 | |||||||||
5.680% |
CA36158ZBN56 / | CAD700,000,000 | 55 bps | 0.608% | 1.158% | CAD1,147.23 | CAD410,927,000 | |||||||||
5.730% |
CA36158ZBK18 / | CAD1,350,000,000 | 110 bps | 2.028% | 3.128% | CAD1,404.29 | CAD1,146,061,000 | |||||||||
GBP Fixed | Securities | ISIN | Aggregate Principal | Fixed | Reference | Purchase | Fixed Rate | Aggregate | ||||||||
GE Capital |
4.125% | XS0544837676 | GBP600,000,000 | 70 bps | 0.431% | 1.134% | GBP1,040.66 | GBP136,740,000 | ||||||||
2.375% | XS1078758833 | GBP300,000,000 | 70 bps | 0.456% | 1.159% | GBP1,030.97 | GBP104,389,000 | |||||||||
5.625% | XS0297507773 | GBP300,000,000 | 50 bps | 0.460% | 0.962% | GBP1,135.12 | GBP171,254,000 | |||||||||
4.375% | XS0740772420 | GBP625,000,000 | 85 bps | 0.640% | 1.496% | GBP1,089.77 | GBP163,462,000 | |||||||||
5.125% | XS0254673964 | GBP425,000,000 | 55 bps | 1.274% | 1.832% | GBP1,215.41 | GBP249,740,000 | |||||||||
6.250% | XS0361336356 | GBP650,000,000 | 70 bps | 2.281% | 3.003% | GBP1,516.93 | GBP382,796,000 | |||||||||
GBP Floating | Securities | ISIN | Aggregate Principal | Floating Rate Consideration | Aggregate Principal | |||||
GE Capital UK |
Floating Rate Notes due March | XS0286359582 | GBP160,000,000 | GBP1,000 | GBP45,300,000 | |||||
Floating Rate Notes due | XS1167300497 | GBP325,000,000 | GBP1,000 | GBP114,867,000 | ||||||
(1) | For the avoidance of doubt, the consideration set forth herein does not include accrued and unpaid interest from the applicable last interest payment date up to, but not including, the Settlement Date (defined below) for any series of Securities. | |
| (2) | On 13 April 2016 GE Capital UK Funding changed its name to GE Capital UK Funding Unlimited Company. |
The Offerors accept all Securities validly tendered in the Tender Offer and expect to make payment for the Securities on 12 May 2016 (the “Settlement Date”). Interest will cease to accrue on the Settlement Date for all Securities accepted in any Offer.
Deutsche Bank AG, London Branch (“Deutsche Bank”) acted as global coordinator for the Tender Offer, and Deutsche Bank, Barclays Bank PLC, Royal Bank of Canada, Sydney Branch, RBC Dominion Securities Inc. and RBC Europe Limited acted as Dealer Managers (collectively, the “Dealer Managers”) for the Tender Offer.
Lucid Issuer Services Limited served as global tender agent and information agent (the “Global Tender Agent” and “Information Agent” respectively) for the Tender Offer and TMX Equity Transfer and Trust Company served as the Canadian tender agent (the “Canadian Tender Agent” and, together with the Global Tender Agent, the “Tender Agents”).
This communication does not constitute an offer to purchase or a solicitation of tenders of Securities from any person located in the United States or 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 in any jurisdiction.
The distribution of this communication in certain jurisdictions may be restricted by law. Persons into whose possession this communication comes are required by each of the Offerors, the Dealer Managers, the Information Agent and the Tender Agents to inform themselves about, and to observe, any such restrictions.
This distribution of this communication and any other documents or materials relating to the Tender Offer is not being made and such documents and/or materials have not been approved by an authorized person for the purposes of section 21 of the Financial Services and Markets Act 2000. Accordingly, such documents and/or materials are not being distributed to, and must not be passed on to, the general public in the United Kingdom. The communication of such documents and/or materials as a financial promotion is only being made to and directed at, and may only be acted upon by, those persons in the United Kingdom falling within the definition of investment professionals (as defined in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the “Financial Promotion Order”)) or persons who are within Article 43 of the Financial Promotion Order or any other persons to whom it may otherwise lawfully be made under the Financial Promotion Order.
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/20160505006229/en/
Contacts:
Investor:
Matt Cribbins, +1
203.373.2424
matthewg.cribbins@ge.com
or
Media:
Susan
Bishop, +1 203.750.5362
Susan.bishop@ge.com
