The latest update is out from General Electric (GE).
In a strategic move, a company has successfully completed its spin-off, establishing new agreements to outline ongoing relations with GE Vernova, including agreements covering separation and distribution, transition services, tax matters, employee issues, trademark licensing, real estate, and investment framework. Concurrently, the company finalized a $3 billion unsecured revolving credit facility, replacing a previous $10 billion facility, with flexible repayment terms and rates tied to debt ratings, while updating corporate documents to reflect the relocation of headquarters and service process address.
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