Koppers (KOP) Files Replacement Shelf Registration
Koppers Holdings Inc. (NYSE: KOP) announced today that it filed a shelf registration statement on Form S-3 with the Securities and Exchange Commission, which, if and when declared effective, will permit the Company, from time to time, to offer and sell up to $325 million of debt securities, equity securities and other financial instruments. No securities may be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. The shelf registration statement will provide the Company with greater flexibility to raise capital to take advantage of potential opportunities such as debt refinancing or acquisitions. When it becomes effective, the new shelf registration statement will replace the Company's previously filed shelf registration, which will expire on September 7, 2009. The Company does not currently have any plans to make any offers or sales under the new shelf registration statement. Once the registration statement becomes effective, the terms of any future offering pursuant to the registration statement would be established at the time of the offering.
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