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5 September 2007 - Gide Loyrette Nouel advises GE Capital in Subordinated Debenture Financing:
Gide Loyrette Nouel MNP has acted as United States and English law counsel to General Electric Capital Corporation in connection with a global offering of two tranches of Subordinated Debentures issued on September 5 and listed on the London Stock Exchange’s Gilt Edged and Fixed Interest Market. The euro tranche consisted of an offering of €1,500,000,000 Fixed to Floating Rate EUR Subordinated Debentures due 2067 and the sterling tranche consisted of an offering of £600,000,000 Fixed to Floating Rate GBP Subordinated Debentures due 2067.
London based Partner Scott Cameron led the team of lawyers representing General Electric Capital Corporation and was assisted by associates Alex Muller and Phung Pham, each also from the London office.
Scott Cameron commented, “We were very pleased to assist GE Capital in completing the subordinated debenture financing, especially under current market conditions. GE Capital continues to be one of the most active issuers of debt securities in the world and we highly value our relationship with them."
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