GE priced $775 million over two series of notes delivered from the issuer’s dealer floorplan master note trust, according to a pricing document.
The class A, three-year triple-A notes issued by GE Dealer Floorplan Master Note Trust 2015-1 pay a spread of 50 basis points over one-month Libor. The five-year, triple-A notes yield 65 basis points Libor. Moody’s Investor Service and Fitch ratings assigned ratings to the deals. Credit Suisse and Mizuho Securities are the lead underwriters.