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GE Capital Australia Funding Pty. Ltd. Announces Any and All Cash Tender Offer for Certain AUD--denominated Securities

SYDNEY, Apr 25, 2016 (BUSINESS WIRE) -- NOT FOR DISTRIBUTION IN OR INTO THE UNITED STATES, ITS TERRITORIES AND POSSESSIONS (INCLUDING PUERTO RICO, THE U.S. VIRGIN ISLANDS, GUAM, AMERICAN SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA ISLANDS), ANY STATE OF THE UNITED STATES OR THE DISTRICT OF COLUMBIA (the “United States”) OR IN OR INTO ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS DOCUMENT.

GE Capital Australia Funding Pty. Ltd. (ACN 085 675 467) (the “Offeror”) today announced that it had commenced cash tender offers to purchase any and all of the securities set forth in the table below ()Offer” and collectively the “Tender Offer”).

AUD Fixed Rate
Securities

Security ISIN

Aggregate Principal
Amount Outstanding

Fixed Spread

Reference
Benchmark [(1)]

GE Capital Australia
Funding Pty. Ltd.

5.250% Notes due August 2017 AU3CB0198240 AUD400,000,000 45 bps

The applicable
semi quarterly
coupon matched
asset swap rate

4.500% Notes due January 2018 AU3CB0204691 AUD500,000,000 50 bps
6.000% Notes due March 2019 AU300GCAF087 AUD200,000,000 60 bps

AUD Floating Rate
Securities

Security ISIN

Aggregate Principal
Amount Outstanding

Fixed Price

GE Capital Australia
Funding Pty. Ltd.

Floating Rate Notes due
January 2018

AU3FN0017737 AUD250,000,000 101.125%

Overview of the Tender Offer

The Tender Offer is made pursuant to the terms and subject to the conditions set forth in the Tender Offer Memorandum dated today (as it may be amended or supplemented from time to time, the “Tender Offer Memorandum”).

In respect of floating rate Securities the fixed price offered for each AUD1,000 principal amount of Securities purchased pursuant to the Tender Offer is set forth in the table above (the “Floating Rate Consideration”). In respect of fixed rate Securities the fixed spread over the relevant Reference Benchmark offered for Securities purchased pursuant to the Tender Offer is set forth in the table above ()Fixed Rate Consideration” and, together with the Floating Rate Consideration, the “Consideration”). The Fixed Rate Consideration will be determined by reference to the Reference Benchmarks at Pricing, which is expected to occur on or about 10.00 am Sydney time on 6 May 2016.

Holders whose Securities are purchased pursuant to the Tender Offer will also be paid an amount equal to the accrued and unpaid interest thereon from the applicable last interest payment date up to, but not including, the date (the “Settlement Date”) on which payment is made for Securities that have been validly tendered (and not validly...


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