Energy Conversion Devices files $500 million shelf for debt, stock

By Devika Patel

Knoxville, Tenn., Feb. 14 - Energy Conversion Devices, Inc. filed a $500 million shelf registration in an S-3 filing with the Securities and Exchange Commission.

The registration covers common stock, warrants, subscription rights, debt securities, stock purchase contracts and stock purchase units.

The debt may be structured as convertibles.

Proceeds will be used for ongoing business operations and other general corporate purposes.

The company is a Rochester Hills, Mich.-based energy device maker.

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