A. M. Castle & Co. (CAS) Fiiles $100M Mixed Shelf
A. M. Castle & Co. (NYSE: CAS) announced today that it has filed a universal shelf registration statement on Form S-3 with the U.S. Securities and Exchange Commission (SEC). If and when declared effective by the SEC, the shelf registration statement will allow the Company to sell securities in one or more separate offerings in amounts and at prices and terms to be determined at the time of sale.
The registration statement is intended to provide the Company with the flexibility to offer and sell from time to time in the future up to $100 million of equity, debt or other types of securities described in the registration statement, or any combination of such securities. If securities are issued, the Company may use the proceeds for general corporate purposes, including acquisitions, capital expenditures, working capital, and repayment of debt. However, the Company currently does not have any specific plans to offer securities under the registration statement.
A registration statement relating to these securities has been filed with the SEC, but has not yet become effective.
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