GE Commences GE Capital Corporation Reorganization

General Electric (GE) Offers Further Detail to GECC Realignment

On December 3, 2015, General Electric (NYSE: GE) completed the previously announced realignment and reorganization (the Reorganization) of the businesses of General Electric Capital Corporation (GECC). The Reorganization was effected as part of GEs plan announced on April 10, 2015 (the GE Capital Exit Plan) to reduce the size of its financial services businesses through the sale of most of GECCs assets and to focus on continued investment and growth in GEs industrial businesses.

The Reorganization included the following transactions:

GE separated GECCs international and U.S. operations;

GECCs international operations were... More

S&P Affirms Ratings on GE (GE) Amid Issuance of Preferred to GE Capital Global Holdings

Standard & Poor's Ratings Services said that it has affirmed all of its ratings on General Electric Co. (NYSE: GE), including the 'AA+' corporate credit rating. The outlook is negative.

At the same time, we assigned our 'AA-' issue-level rating to the company's proposed preferred shares. The $3 billion series A 4.00% shares will become callable beginning on June 15, 2022; the $2 billion 4.05% series B shares on Dec. 15, 2022; and the $1.1 billion 4.25% series C on June 15, 2023. After the call dates, the coupon on each series will become a floating rate at spreads over the three-month LIBOR. Those spreads... More

General Electric (GE) Commences Previously Announced GE Capital Corporation Reorganization

General Electric Company (NYSE: GE) today commenced the previously announced realignment and reorganization (the Reorganization) of the businesses of General Electric Capital Corporation (GECC), which GE expects to complete by December 3, 2015. The Reorganization is being effected as part of GEs plan announced on April 10, 2015 (the GE Capital Exit Plan) to reduce the size of its financial services businesses... More