03:44 AM EDT, 09/13/2024 (MT Newswires) -- GE HealthCare Technologies ( GEHC ) said late Thursday its secondary public offering of 15 million common shares was priced at $86 apiece and upsized from the initial 10 million shares.

The offering is expected to close Sept. 16. The company said it will not receive any proceeds from the offering.

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

The underwriters have the option to acquire about 2.3 million additional shares for settlement by Sept. 30, GE HealthCare ( GEHC ) said.

Price: 86.37, Change: -1.09, Percent Change: -1.25