GE Renews Registration to Sell About $20 Billion in Securities

General Electric Co. (GE) filed a shelf registration for the sale of about $20 billion in securities, including stock and debt, to replace a three-year-old submission that was expiring.

A shelf registration allows companies to sell a specified amount of securities for routine needs without having to register each offering with the U.S. Securities and Exchange Commission. The filing from Fairfield, Connecticut-based GE covers preferred and common shares as well as delayed delivery contracts and guarantees.

About $19.9 billion of the securities were unsold under a registration statement initially filed in November 2008 and updated on February 2010, according to the filing. About $1.7 million in securities were added today.

The new registration replaces the 2008 filing, which was expiring, said Kenny Juarez, a GE spokesman.

Proceeds may be used for debt repayment, capital expenditures and investment in subsidiaries or acquisitions, GE said in the filing.

To contact the reporter on this story: Rachel Layne in Boston at rlayne@bloomberg.net

To contact the editor responsible for this story: Ed Dufner at edufner@bloomberg.net

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.