GE has announced tender offers to purchase up to $2bn of notes for cash in a bid to deleverage and strengthen its balance sheet to achieve its 2.5x Net Debt to EBITDA target. Since the end of 2018, GE states that it has reduced gross debt by $43bn, which will reduce by approximately $70bn following the completion of the GECAS/AerCap transaction. GE states that it continues to evaluate potential deleveraging actions based on economics, deleveraging impact, risk mitigation and optimal capital structure.
This content is restricted to site members.
If you are an existing user, please login below.
New users may register below.