GE Vernova Closes Public Offering of Senior Notes to Support Strategic Growth Initiatives
GE Vernova, a global leader in energy transition and renewable energy solutions, today announced the successful closing of its previously announced registered public offering of senior notes. The transaction reinforces the company’s commitment to strategic growth and operational flexibility, providing capital to support key initiatives, including the recently completed acquisition of the remaining fifty percent stake in Prolec GE.
The offering consisted of multiple tranches of senior notes, designed to appeal to a broad base of institutional investors:
- $600 million aggregate principal amount of 4.250% Senior Notes due 2031
- $1 billion aggregate principal amount of 4.875% Senior Notes due 2036
- $1 billion aggregate principal amount of 5.500% Senior Notes due 2056
The net proceeds from the offering are expected to be utilized for general corporate purposes, including partially financing the acquisition of Prolec GE, which officially closed on February 2, 2026. This acquisition strengthens GE Vernova’s position in the power and energy infrastructure markets, enhancing its capabilities to deliver advanced energy solutions to customers worldwide.
Citigroup Global Markets Inc., J.P. Morgan Securities LLC, and Morgan Stanley & Co. LLC acted as joint active bookrunners for the offering, reflecting strong investor demand and confidence in GE Vernova’s growth strategy and financial stability.
The offering was conducted under an effective shelf registration statement filed with the U.S. Securities and Exchange Commission (SEC), including a prospectus and related prospectus supplement. The notes were offered exclusively through a prospectus supplement and accompanying prospectus, and are available to qualified investors through Citigroup, J.P. Morgan, and Morgan Stanley. Copies of the prospectus may also be obtained for free by visiting the SEC’s EDGAR database at www.sec.gov.
GE Vernova emphasizes that this press release does not constitute an offer to sell or a solicitation of an offer to buy the notes, nor does it constitute an offer, solicitation, or sale in any jurisdiction where such activity would be prohibited by law.
This strategic financing move aligns with GE Vernova’s broader corporate objectives, including the continued expansion of its renewable and energy solutions portfolio, strengthening its balance sheet, and supporting long-term value creation for shareholders. By leveraging the capital raised through this offering, GE Vernova is well-positioned to accelerate growth initiatives and maintain leadership in a rapidly evolving energy market.
About GE Vernova
GE Vernova Inc. (NYSE: GEV) is a purpose-built global energy company that includes Power, Wind, and Electrification segments and is supported by its accelerator businesses. Building on over 130 years of experience tackling the world’s challenges, GE Vernova is uniquely positioned to help lead the energy transition by continuing to electrify the world while simultaneously working to decarbonize it. GE Vernova helps customers power economies and deliver electricity that is vital to health, safety, security, and improved quality of life. GE Vernova is headquartered in Cambridge, Massachusetts, U.S., with approximately 85,000 employees across approximately 100 countries around the world. Supported by the Company’s purpose, The Energy to Change the World, GE Vernova technology helps deliver a more affordable, reliable, sustainable, and secure energy future.
