GE was required to make the payments as part of the sale of its Japanese consumer finance operations. The sale agreement allowed for a buyout option this year. General Electric Capital Corp. sold the operations to Shinsei for $5.4 billion in September 2008.
Because of the buyout, GE's fourth-quarter and 2013 earnings will be trimmed by 9 cents per share, the company said Wednesday. First-quarter and 2014 results will not be impacted.
Shares of General Electric Co., based in Fairfield, Conn., shed 14 cents to $25.13 in Wednesday morning trading.