The question that comes to mind is: what will the company do with the proceeds?
Beyond wrapping up the Prolec deal, they don't say.
And as of the last quarterly report GE Vernova is sitting on $8.6 billion in cash and equivalents so the second question that comes to mind is: why do they want more cash.
Although once again they don't say the hope is that GEV will expand capacity to make more of their magical machines.
At least that's the way the stock is acting, up another $22 after faking lower in the very early premarket.
Via Business Wire, February 2:
CAMBRIDGE, Mass.--(BUSINESS WIRE)--GE Vernova (NYSE: GEV) today announced that it has launched a registered public offering of senior notes, subject to market and other conditions. The net proceeds from the offering are intended to be used for general corporate purposes, including financing a portion of the acquisition of the remaining fifty percent stake of Prolec GE that is expected to close on February 2, 2026.
Citigroup Global Markets Inc., J.P. Morgan Securities LLC, and Morgan Stanley & Co. LLC are serving as joint book-running managers for the offering of the notes, which is being made pursuant to an effective shelf registration statement (including a prospectus and related preliminary prospectus supplement for the offering)....
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So far all we have is a red herring (preliminary) prospectus which follows on the shelf registration from Jan. 29.
