By Michael Dabaie

 

General Electric Co. said it will accept for purchase about $2.17 billion in GE Capital debt securities in debt tender offers.

Including scheduled maturities in the fourth quarter, GE said it will reduce debt by about $16.6 billion in 2020, including about $9.6 billion in GE Industrial debt and about $7 billion in GE Capital debt, and by about $30 billion since the beginning of 2019.

GE said it continues to maintain elevated liquidity amid an uncertain environment and remains committed to reducing leverage over time.

 

Write to Michael Dabaie at michael.dabaie@wsj.com

 

(END) Dow Jones Newswires

December 18, 2020 08:38 ET (13:38 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.
GE Aerospace (NYSE:GE)
Historical Stock Chart
Von Mär 2024 bis Apr 2024 Click Here for more GE Aerospace Charts.
GE Aerospace (NYSE:GE)
Historical Stock Chart
Von Apr 2023 bis Apr 2024 Click Here for more GE Aerospace Charts.