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GE HealthCare Technologies Inc. Prices Secondary Offering of 25,000,000 Shares
CHICAGO--(BUSINESS WIRE)-- GE HealthCare Technologies Inc. (Nasdaq: GEHC) (the “Company” or “GE HealthCare”) announced today the pricing of the previously
About this update from Ge Healthcare Technologies Inc.
[{"type":"text","content":" CHICAGO--(BUSINESS WIRE)--\nGE HealthCare Technologies Inc. (Nasdaq: GEHC) (the “Company” or “GE HealthCare”) announced today the pricing of the previously announced secondary underwritten public offering (the “Offering”) of 25,000,000 shares of its common stock (the “GEHC Shares”) at a public offering price of $78.00 per share. 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 (as described below).\n\n\nPrior to the closing of the Offering, General Electric Company (“GE”) is expected to exchange the GEHC Shares for indebtedness of GE held by Morgan Stanley Senior Funding, Inc. and Morgan Stanley Bank, N.A. (together, the “MS Lenders”), affiliates of Morgan Stanley & Co. LLC, the selling stockholder in the Offering by designation of the MS Lenders. Following the debt-for-equity exchange, if consummated, Morgan Stanley & Co. LLC, as the selling stockholder in the Offering, intends to sell the GEHC Shares to the underwriters in the Offering. The selling stockholder in the Offering 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.\n\n\nEvercore ISI, Morgan Stanley, BofA Securities, Citigroup and Goldman Sachs & Co. LLC are serving as the lead joint book-running managers for the Offering. BNP PARIBAS, Credit Agricole CIB, J.P. Morgan, Mizuho, MUFG and SOCIETE GENERALE are also serving as joint book-running managers for the Offering. The Offering is expected to close on June 12, 2023, subject to customary closing conditions.\n\n\nThe Company has filed a shelf registration statement (including a prospectus) on Form S-1 with the U.S. Securities and Exchange Commission (the “SEC”) for the Offering to which this communication relates. The registration statement was declared effective on June 7, 2023. This Offering is being made only by means of a prospectus supplement and an accompanying prospectus. You may obtain these documents for free by visiting EDGAR on the SEC’s website at www.sec.gov. Alternatively, copies of the prospectus supplement and accompanying prospectus relating to the Offering may be obtained from Evercore Group L.L.C., Attention: Equity Capital Markets, 55 East 52nd Street, ...