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GE HealthCare logoGE HealthCare GEHC

The company said it announced the commencement and pricing of an underwritten offering of 13,281,302 shares of its common stock (the GEHC Shares) on November 7, 2024. It said the offering is expected to close on November 12, 2024, subject to customary closing conditions.

8-KOther EventsFiled Period of report Summary published (UTC)

Key points

AI summary
  1. The company said it announced the commencement and pricing of an underwritten offering of 13,281,302 shares of its common stock (the GEHC Shares) on November 7, 2024. It said the offering is expected to close on November 12, 2024, subject to customary closing conditions.

  2. The company said it is not selling any common stock and will not receive any proceeds from the offering or from the debt-for-equity exchange.

  3. The company said GE Aerospace (General Electric Company) is expected to exchange the GEHC Shares for indebtedness of GE Aerospace held by Morgan Stanley Bank, N.A. before the offering closes. If the exchange is completed, Morgan Stanley & Co. LLC, as selling stockholder, intends to sell the GEHC Shares to the underwriters.

  4. The company said the Underwriting Agreement was entered into on November 7, 2024 among the company, GE Aerospace, Morgan Stanley & Co. LLC as selling stockholder, and J.P. Morgan Securities LLC, Citigroup Global Markets Inc. and Morgan Stanley & Co. LLC as underwriters.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

13,281,302 shares priced in 2nd secondary offering

The company said it announced the commencement and pricing of an underwritten offering of 13,281,302 shares of its common stock (the GEHC Shares) on November 7, 2024. It said the offering is expected to close on November 12, 2024, subject to customary closing conditions.

Source · Based on the filing body and exhibits

Company will not receive offering proceeds

The company said it is not selling any common stock and will not receive any proceeds from the offering or from the debt-for-equity exchange.

Source · Based on the filing body and exhibits

GE Aerospace's debt-for-equity exchange structure

The company said GE Aerospace (General Electric Company) is expected to exchange the GEHC Shares for indebtedness of GE Aerospace held by Morgan Stanley Bank, N.A. before the offering closes. If the exchange is completed, Morgan Stanley & Co. LLC, as selling stockholder, intends to sell the GEHC Shares to the underwriters.

Source · Based on the filing body and exhibits

Underwriters and Underwriting Agreement

The company said the Underwriting Agreement was entered into on November 7, 2024 among the company, GE Aerospace, Morgan Stanley & Co. LLC as selling stockholder, and J.P. Morgan Securities LLC, Citigroup Global Markets Inc. and Morgan Stanley & Co. LLC as underwriters.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.