Davis Polk advised Barclays Capital Inc., Citigroup Global Markets Inc., Goldman, Sachs & Co., J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated and Morgan Stanley & Co. LLC as joint book-running managers in connection with the public offering of 10,000 shares of fixed-to-floating-rate non-cumulative perpetual preferred stock, Series C by General Electric Capital Corporation (“GECC”).
Headquartered in Norwalk, Connecticut, GECC offers a diversified array of financing and services in North America, South America, Europe, Australia and Asia. GECC is wholly owned by General Electric Company.
The Davis Polk capital markets team included partner John G. Crowley and associates Ryan G. Mitteness, Denise Yablonovich and Elina M. Lae. The tax team included partner Michael Mollerus and associate Adam B. Perry. The financial institutions team included partner Luigi L. De Ghenghi and counsel Lena V. Kiely. Rosemarie Melendez was the legal assistant on the transaction. All members of the Davis Polk team are based in the New York office.
