GE HealthCare Technologies prices 25M secondary stock offering at $78.00
Jun. 08, 2023 2:43 AM ETGE HealthCare Technologies Inc. (GEHC)By: Meghavi Singh, SA News Editor2 Comments
- GE HealthCare Technologies (NASDAQ:GEHC) on Wednesday notifies pricing of the previously announced secondary underwritten public offering of 25M shares at a price of $78.00/share.
- The selling stockholder has granted the underwriters an option to purchase additional shares of GE HealthCare common stock at the public offering price less the underwriting discount for 30 days.
- General Electric Company expects to exchange the GEHC Shares for GE debt held by affiliates of Morgan Stanley & Co. LLC, the selling stockholder in the offering by designation of the MS Lenders.
- As the selling stockholder in the offering, Morgan Stanley & Co. LLC expects to sell the GEHC Shares to the underwriters in the offering after the debt-for-equity exchange, if it occurs.
- Offering is expected to close on June 12, 2023.
- 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.