other material
confidence high
sentiment neutral
materiality 0.60
GE HealthCare prices secondary offering of 13M shares at $82.25; GE to exchange debt for equity
GE HealthCare Technologies Inc.
- Secondary offering of 13,000,000 GEHC shares priced at $82.25 per share ($80.605 net of underwriting discount).
- Company will not receive any proceeds; GE exchanging those shares for debt held by Morgan Stanley lenders.
- Underwriters have a 30-day option to purchase additional GEHC shares at the offering price less discount.
- Offering expected to close on February 21, 2024, subject to customary conditions.
- Lead joint book-runners: Morgan Stanley, BofA, Citigroup, Evercore ISI, Goldman Sachs, J.P. Morgan, and others.