GE HealthCare commences secondary stock offering of up to 25M shares
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GE HealthCare Technologies (NASDAQ:GEHC) on Monday said it was launching a secondary stock offering of up to 25M of its shares.
GEHC stock was down 3.4% to $77.74 after hours.
"Prior to the closing of the Offering, General Electric Company (GE) is expected to exchange the GEHC Shares for indebtedness of GE held by Morgan Stanley Senior Funding, Inc. and Morgan Stanley Bank, N.A., affiliates of Morgan Stanley & Co. LLC, the selling stockholder in the Offering by designation of the MS Lenders," GEHC said in a statement.

"Following the debt-for-equity exchange, if consummated, Morgan Stanley & Co. LLC, as the selling stockholder in the Offering, intends to sell the GEHC Shares to the underwriters in the Offering," the company added.
Dig into the details of the offering in the S-1 filing.