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New Issue - GECC sells $1.7 bln in 3 parts
December 6, 2012 / 6:21 PM / in 5 years

New Issue - GECC sells $1.7 bln in 3 parts

Dec 6 (Reuters) - General Electric Capital Corp on
Wednesday sold $1.7 billion of senior secured notes in three
parts, said IFR, a Thomson Reuters service. 
    Citigroup and Goldman Sachs were the joint bookrunning
managers for the sale.

BORROWER: GECC

TRANCHE 1
AMT $1 BLN      COUPON 1 PCT       MATURITY    12/11/2015   
TYPE SR NTS     ISS PRICE 99.9     FIRST PAY   06/11/2013 
MOODY'S Aa3     YIELD 1.035 PCT    SETTLEMENT  12/12/2012   
S&P AA-PLUS     SPREAD 72 BPS      PAY FREQ    SEMI-ANNUAL
FITCH N/A        MORE THAN TREAS   MAKE-WHOLE CALL 10 BPS
    
TRANCHE 2
AMT $300 MLN    COUPON 3-MO LIBOR  MATURITY    12/11/2015   
                 +60 BPS   
TYPE SR NTS     ISS PRICE 100      FIRST PAY   03/11/2013
MOODY'S Aa3     YIELD N/A          SETTLEMENT  12/12/2012   
S&P AA-PLUS     SPREAD N/A         PAY FREQ    QUARTERLY
FITCH N/A                          NON-CALLABLE   N/A    
     
TRANCHE 3
AMT $400 MLN    COUPON 2.1 PCT     MATURITY    12/11/2019   
TYPE SR NTS     ISS PRICE 99.922   FIRST PAY   06/11/2013 
MOODY'S Aa3     YIELD 2.112 PCT    SETTLEMENT  12/12/2012   
S&P AA-PLUS     SPREAD 110 BPS     PAY FREQ    SEMI-ANNUAL
FITCH N/A        MORE THAN TREAS   MAKE-WHOLE CALL 15 BPS

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