image credit: Craig Morey / Flickr
General Electric Co. plans to buy back as much as $5 billion of bonds as the manufacturer seeks to cut its debt load as part of its turnaround.
The company said that it would repurchase up to $2.5 billion of dollar debt and the equivalent of $2.5 billion (2.28 billion euros) of euro-denominated notes. GE said in its statement on Thursday that it won’t expand the size of the buyback plan.
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