GE HealthCare Launches Multi-Million Share Offering

GE Healthcare Technologies Inc (GEHC) has released an update.

GE HealthCare Technologies Inc. has launched an offering of 13 million shares at $82.25 each, although the company itself isn’t selling any stock and won’t profit from this move. The shares are part of a debt-for-equity swap with Morgan Stanley affiliates, who will then sell these shares to underwriters. There’s also an option for underwriters to purchase additional shares at a reduced price within 30 days. The transaction is governed by an Underwriting Agreement that details the terms of this complex financial arrangement.

For further insights into GEHC stock, check out TipRanks’ Stock Analysis page.