Attached files
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| 8-K - GECC 8-K 03-03-10 - GENERAL ELECTRIC CAPITAL CORP | gecc8k030310.htm |
Exhibit
99
GENERAL
ELECTRIC CAPITAL CORPORATION ANNOUNCES RESULTS OF EXCHANGE OFFERS
NORWALK, CT, March 3, 2010 –On
March 3, 2010, General Electric Capital Corporation (“GE Capital”) announced the
results of its previously announced offers to exchange:
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Any
and all of its outstanding $2,500,000,000 6.375% Fixed to Floating Rate
USD Subordinated Debentures due 2067 for a corresponding liquidation
amount of new 6.375% Fixed to Floating Rate Trust Securities of GE Capital
Trust I;
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Any
and all of its outstanding EUR 1,500,000,000 5.500% Fixed to Floating Rate
EUR Subordinated Debentures due 2067 for a corresponding liquidation
amount of new 5.500% Fixed to Floating Rate EUR 2067 Trust Securities of
GE Capital Trust II;
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Any
and all of its outstanding GBP 600,000,000 6.500% Fixed to Floating Rate
GBP Subordinated Debentures due 2067 for a corresponding liquidation
amount of new 6.500% Fixed to Floating Rate GBP 2067 Trust Securities of
GE Capital Trust III;
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Any
and all of its outstanding EUR 950,000,000 4.625% Fixed to Floating Rate
EU Subordinated Debentures due 2066 for a corresponding liquidation amount
of new 4.625% Fixed to Floating Rate EUR 2066 Trust Securities of GE
Capital Trust IV; and
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Any
and all of its outstanding GBP 400,000,000 5.500% Fixed to
Floating Rate GBP Subordinated Debentures due 2066 for a corresponding
liquidation amount of new 5.500% Fixed to Floating Rate GBP 2066 Trust
Securities of GE Capital Trust V.
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The
offers expired 11:59 p.m., New York City time, in the case of the US dollar
denominated Debentures, and 11:59 p.m., London time, in the case of each other
series of Debentures, on March 2, 2010.
Based on
the final count by the exchange agents, Global Bondholder Services Corporation
and Lucid Issuer Services Limited, as of the expiration of the offers,
Debentures in the following approximate aggregate principal amounts have been
validly tendered and not withdrawn pursuant to the offers:
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$813,072,000
in the case of the 6.375% USD Debentures due
2067;
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Euros
620,440,000 in the case of the 5.500% EUR Debentures due
2067;
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Pounds
sterling 87,475,000 in the case of the 6.500% GBP Debentures
due 2067;
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Euros
727,500,000 in the case of the 4.625% EUR Debentures due 2066;
and
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Pounds
sterling 107,043,000 in the case of the 5.500% GBP Debentures due
2066.
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The
offers are expected to settle on March 5, 2010.
The offer
to exchange the US dollar denominated Debentures was made pursuant to the
Registration Statement on Form S-4 filed by GE Capital with the Securities and
Exchange Commission and the related letter of
transmittal.
This
communication is not an offer to sell or purchase or an offer to exchange or a
solicitation of acceptance of an offer to sell or purchase or offer to
exchange. Any such offer or solicitation shall be made solely by
means of the Registration Statement and related letter of transmittal in the
case of the US dollar denominated Debentures. Trust Securities issued
in exchange for each other series of Debentures have not been and will not be
registered under the Securities Act of 1933 and may not be offered or sold in
the United States or to U.S. persons absent registration or an applicable
exemption from such registration requirements.