GE completes spin-off of GE Vernova, becomes GE Aerospace, establishes new $3B credit facility

GENERAL ELECTRIC CO

Spin-off completed April 2, 2024; GE now operates as GE Aerospace (GE).
Distribution: one share of GE Vernova (GEV) for every four GE shares; GEV starts trading on NYSE.
Terminated $10B revolving credit facility; entered new $3B five-year unsecured facility due 2029.
Entered Separation and Distribution, Transition Services, Tax Matters, and other agreements with GE Vernova.
Amended certificate of incorporation and bylaws to reflect new headquarters in Evendale, OH, and NY office in Niskayuna.

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