NOT FOR DISTRIBUTION IN OR INTO THE UNITED STATES, ITS
TERRITORIES AND POSSESSIONS (INCLUDING PUERTO RICO, THE U.S. VIRGIN
ISLANDS, GUAM, AMERICAN SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA
ISLANDS), ANY STATE OF THE UNITED STATES OR THE DISTRICT OF
COLUMBIA (the “United States”) OR IN OR INTO ANY OTHER JURISDICTION
WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS DOCUMENT.
GE Capital Australia Funding Pty. Ltd. (ACN 085 675 467)
(“GECAF”), GE Capital Canada Funding Company (“GECCF”) and GE
Capital UK Funding Unlimited Company (“GECUKF” and, together with
GECAF and GECCF, the “Offerors”) today announced the final results
and pricing for the cash tender offers launched on 25 April 2016 to
purchase any and all of the securities set forth in the table below
(each an “Offer” and collectively the “Tender Offer”).
AUD
FixedRateSecurities
Securities ISIN
AggregatePrincipalAmountOutstanding
FixedSpread
ReferenceBenchmarkRate
PurchaseYield
Fixed
RateConsiderationper AUD1,000principal
amountof Securitiespurchased(1)
AggregatePrincipalAmountTendered
GE CapitalAustraliaFunding Pty.Ltd.
4.000%Notes dueMay 2018
XS0934529768 AUD200,000,000 50 bps 1.900% 2.414% AUD1,030.99
AUD11,061,000
4.125%Notes dueJuly 2018
XS1023248203 AUD150,000,000 55 bps 1.907% 2.472% AUD1,035.13
AUD15,256,000
5.000%Notes dueSeptember2019
XS0972856917 AUD150,000,000 55 bps 1.956% 2.522% AUD1,079.07
AUD15,098,000
CAD
FixedRateSecurities
Securities ISIN / CUSIP
AggregatePrincipal
AmountOutstanding
FixedSpread
ReferenceBenchmarkRate
PurchaseYield
Fixed
RateConsiderationper
CAD1,000principalamount
ofSecuritiespurchased(1)
AggregatePrincipal
AmountTendered
GE CapitalCanadaFundingCompany
5.530%Notes dueAugust2017
CA36158ZBH88 /36158ZBH8
CAD1,350,000,000 45 bps 0.565% 1.015% CAD1,056.66 CAD700,182,000
4.400%Notes dueFebruary2018
CA36158ZBR60 /36158ZBR6
CAD400,000,000 55 bps 0.556% 1.106% CAD1,056.65 CAD231,481,000
2.420%Notes dueMay 2018
CA36158ZCA27 /36158ZCA2
CAD1,000,000,000 35 bps 0.573% 0.923% CAD1,030.36 CAD794,181,000
3.550%Notes dueJune 2019
CA36158ZBX39 /36158ZBX3
CAD350,000,000 55 bps 0.608% 1.158% CAD1,072.21 CAD252,253,000
5.680%Notes dueSeptember2019
CA36158ZBN56 /36158ZBN5
CAD700,000,000 55 bps 0.608% 1.158% CAD1,147.23 CAD410,927,000
5.730%Notes dueOctober2037
CA36158ZBK18 /36158ZBK1
CAD1,350,000,000 110 bps 2.028% 3.128% CAD1,404.29 CAD1,146,061,000
GBP
FixedRateSecurities
Securities ISIN
Aggregate
PrincipalAmountOutstanding
FixedSpread
ReferenceBenchmarkRate
PurchaseYield
Fixed
RateConsiderationfor
eachGBP1,000principalamount
ofSecuritiespurchased(1)
AggregatePrincipal
AmountTendered
GE CapitalUK
FundingUnlimitedCompany(2)
4.125%Notes dueSeptember2017
XS0544837676 GBP600,000,000 70 bps 0.431% 1.134% GBP1,040.66
GBP136,740,000
2.375%Notes dueDecember2018
XS1078758833 GBP300,000,000 70 bps 0.456% 1.159% GBP1,030.97
GBP104,389,000
5.625%Notes dueApril 2019
XS0297507773 GBP300,000,000 50 bps 0.460% 0.962% GBP1,135.12
GBP171,254,000
4.375%Notes dueJuly 2019
XS0740772420 GBP625,000,000 85 bps 0.640% 1.496% GBP1,089.77
GBP163,462,000
5.125%Notes dueMay 2023
XS0254673964 GBP425,000,000 55 bps 1.274% 1.832% GBP1,215.41
GBP249,740,000
6.250%Notes dueMay 2038
XS0361336356 GBP650,000,000 70 bps 2.281% 3.003% GBP1,516.93
GBP382,796,000
GBP
FloatingRateSecurities
Securities ISIN
Aggregate PrincipalAmount
Outstanding
Floating Rate Considerationfor
each GBP1,000 principalamount of
Securitiespurchased(1)
Aggregate PrincipalAmount
Tendered
GE Capital
UKFundingUnlimitedCompany(2)
Floating Rate Notes due March2017
XS0286359582 GBP160,000,000 GBP1,000 GBP45,300,000
Floating Rate Notes dueJanuary 2018
XS1167300497 GBP325,000,000 GBP1,000 GBP114,867,000
(1)
For the avoidance of doubt, the consideration set forth
herein does not include accrued and unpaid interest from the
applicable last interest payment date up to, but not including, the
Settlement Date (defined below) for any series of Securities.
(2) On 13 April 2016 GE Capital UK Funding changed its name
to GE Capital UK Funding Unlimited Company.
The Offerors accept all Securities validly tendered in the
Tender Offer and expect to make payment for the Securities on 12
May 2016 (the “Settlement Date”). Interest will cease to accrue on
the Settlement Date for all Securities accepted in any Offer.
Deutsche Bank AG, London Branch (“Deutsche Bank”) acted as
global coordinator for the Tender Offer, and Deutsche Bank,
Barclays Bank PLC, Royal Bank of Canada, Sydney Branch, RBC
Dominion Securities Inc. and RBC Europe Limited acted as Dealer
Managers (collectively, the “Dealer Managers”) for the Tender
Offer.
Lucid Issuer Services Limited served as global tender agent and
information agent (the “Global Tender Agent” and “Information
Agent” respectively) for the Tender Offer and TMX Equity Transfer
and Trust Company served as the Canadian tender agent (the
“Canadian Tender Agent” and, together with the Global Tender Agent,
the “Tender Agents”).
This communication does not constitute an offer to purchase
or a solicitation of tenders of Securities from any person located
in the United States or in any jurisdiction in which, or to or from
any person to or from whom, it is unlawful to make such offer or
solicitation under applicable securities or blue sky laws or
otherwise. This communication does not constitute an offer to sell
any securities or the solicitation of an offer to buy any
securities in any jurisdiction.
The distribution of this communication in certain
jurisdictions may be restricted by law. Persons into whose
possession this communication comes are required by each of the
Offerors, the Dealer Managers, the Information Agent and the Tender
Agents to inform themselves about, and to observe, any such
restrictions.
This distribution of this communication and any other
documents or materials relating to the Tender Offer is not being
made and such documents and/or materials have not been approved by
an authorized person for the purposes of section 21 of the
Financial Services and Markets Act 2000. Accordingly, such
documents and/or materials are not being distributed to, and must
not be passed on to, the general public in the United Kingdom.
The communication of such documents and/or materials as a
financial promotion is only being made to and directed at, and may
only be acted upon by, those persons in the United Kingdom falling
within the definition of investment professionals (as defined in
Article 19(5) of the Financial Services and Markets Act 2000
(Financial Promotion) Order 2005, as amended (the “Financial
Promotion Order”)) or persons who are within Article 43 of the
Financial Promotion Order or any other persons to whom it may
otherwise lawfully be made under the Financial Promotion
Order.
Forward-Looking Statements
This communication contains “forward-looking statements”—that
is, statements related to future, not past, events. In this
context, forward-looking statements often address our expected
future business and financial performance and financial condition,
and often contain words such as “expect,” “anticipate,” “intend,”
“plan,” “believe,” “seek,” “see,” “will,” “would,” or “target.”
Forward-looking statements by their nature address matters that
are, to different degrees, uncertain, such as statements about the
Tender Offer. Uncertainties that could cause our actual results to
be materially different than those expressed in our forward-looking
statements include the failure to consummate any of these
transactions or to make or take any filing or other action required
to consummate any such transaction on a timely matter or at all.
These or other uncertainties may cause our actual future results to
be materially different from those expressed in our forward-looking
statements.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20160505006229/en/
GE CapitalInvestor:Matt Cribbins, +1
203.373.2424matthewg.cribbins@ge.comorMedia:Susan Bishop, +1
203.750.5362Susan.bishop@ge.com
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