NBC Universal Announces Proposed Offering of Senior Notes

General Electric Company (NYSE: GE) today announced that its subsidiary, NBC Universal, Inc., proposes to offer senior unsecured notes in a private placement.

The issuance of the notes is part of the $9.1 billion of financing to be raised by NBC Universal in connection with the previously announced combination of NBC Universal with Comcast Corporation's national cable networks, regional cable networks and certain digital media assets.

If the GE-Comcast transaction has not closed before June 10, 2011 or such earlier date as the master agreement governing that transaction is terminated, then NBC Universal will redeem all of the notes at a redemption price equal to 101% of the aggregate principal amount of the notes (plus accrued and unpaid interest).