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Nov. 26, 2021, 8:32 a.m. EST

GE eyes $80 billion in gross debt reduction by end of 2021

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By Steve Gelsi

GE

General Electric Co. /zigman2/quotes/208495069/composite GE -0.18% said Friday it expects to achieve $80 billion in gross debt reduction between the end of 2018 and the end of 2021, up from its $75 billion projection made on Nov. 10. The company said it's on track to achieve deleveraging targets and deliver high-single-digit free cash flow margins in 2023. About $33.3 billion in aggregate principal was tendered at or prior to an early participation date. GE accepted for purchase about $25 billion in aggregate principal.

/zigman2/quotes/208495069/composite
US : U.S.: NYSE
$ 81.96
-0.15 -0.18%
Volume: 3.41M
Feb. 8, 2023 4:00p
P/E Ratio
N/A
Dividend Yield
0.39%
Market Cap
$89.72 billion
Rev. per Employee
$455,685
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