by Amruth Sundarkumar | Jun 6, 2023 | Corporates
General Electric (GE) announced the stake sale of over $2bn in GE HealthCare Technologies under a debt-for-equity agreement. Under this agreement, 28.75mn in GE HealthCare shares will be exchanged for debt held by affiliates of Morgan Stanley, it said. GE HealthCare...
by Amruth Sundarkumar | Jul 27, 2022 | Corporates, Investment Grade Bonds
General Electric (GE) reported Q2 2022 results with $18.6bn in revenues, up 2% YoY. GE Aerospace revenue gained 27% YoY to $6.1bn, while GE Healthcare revenues were 1% higher to $4.5bn. Its adjusted profits came in at $1.7bn, up 81%, translating into an EPS of 78...
by Amruth Sundarkumar | Jan 26, 2022 | Corporates
General Electric (GE) reported Q4 2021 results with $20.3bn in revenues, down 3% YoY, missing expectations of $21.5bn. Its adjusted profits were at $1.58bn, up 28%, translating into an EPS of 92 cents vs. analyst expectations of 84 cents. It also reported free cash...
by Amruth Sundarkumar | Nov 11, 2021 | Corporates, Investment Grade Bonds
GE has commenced a massive $23bn bond buyback offer in one of the largest ever corporate bond buybacks. GE plans to buyback 51 bonds across USD, EUR and GBP denominated debt for cash across three pools: Up to $7bn in principal for Pool 1 that has a list of 17 bonds Up...
by Amruth Sundarkumar | Nov 10, 2021 | Corporates
GE in a press release said that it plans to split into three separate public companies focused on Aviation, Healthcare and Energy. GE intends to spin off GE Healthcare to create “a pure-play company at the center of precision health… GE Renewable Energy, GE...
