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GE CEO Culp says completion of GECAS, AerCap deal is a ‘debt story today’

GE CEO Culp says completion of GECAS, AerCap deal is a 'debt story today'

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Shares of General Electric Co. GE, -0.37% gained 0.4% in premarket trading Monday, after the industrial conglomerate said that the deal to combine its GE Capital Aviation Services business with AerCap Holdings N.V. AER, -3.01% has been completed. GE said it received a total of more than $30 billion in proceeds after the deal closed, including $23 billion in net cash and 111.5 million shares, or 46% ownership of the combined company, which has a market value of about $6.6 billion.

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