05:32 PM EDT, 09/12/2024 (MT Newswires) -- GE HealthCare Technologies ( GEHC ) said late Thursday it launched a secondary public offering of 10 million common shares.

Before the offering's close, GE Aerospace (GE) expects to exchange the GE HealthCare ( GEHC ) shares sold in the transaction for the former's certain debt. If the debt-for-equity exchange is consummated, Morgan Stanley & Co., as the selling stockholder, plans to sell the GE HealthCare ( GEHC ) shares to the offering's underwriters.

The underwriters have the option to acquire 1.5 million additional shares for settlement by Sept. 30, GE HealthCare ( GEHC ) said.

The company's shares were down 1.2% in after-hours activity.

Price: 86.45, Change: -1.01, Percent Change: -1.15