GE HealthCare (GEHC) Commences 13M Share Secondary Offering

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Go back to GE HealthCare (GEHC) Commences 13M Share Secondary Offering

GE HealthCare Technologies Inc. Commences Secondary Offering of 13,000,000 Shares

February 15, 2024 4:55 PM EST

CHICAGO--(BUSINESS WIRE)-- GE HealthCare Technologies Inc. (Nasdaq: GEHC) (the Company or GE HealthCare) announced today the launch of a secondary underwritten public offering (the Offering) of 13,000,000 shares of its common stock (the GEHC Shares). GE HealthCare is not selling any shares of common stock and will not receive any proceeds from the sale of the GEHC Shares in the Offering or from the debt-for-equity exchange (as described below).

Prior to the closing of the Offering, General Electric Company (GE) is expected to exchange the GEHC Shares for indebtedness of GE held by Morgan Stanley Senior... More