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Kerr-McGee adds $1.5 billion to shelf for $2 billion availability
New York, Jan. 30 - Kerr-McGee Corp. added $1.5 billion to its securities shelf registration with the Securities and Exchange Commission for total availability of $2 billion.
The shelf covers debt securities, preferred stock, common stock, stock purchase contracts, stock purchase units and warrants.
The Oklahoma City, Okla. oil company said it would use proceeds for acquisitions or general corporate purposes.
For the nine months to Sept. 30, 2001, Kerr-McGee had an earnings to fixed charge ratio of 6.4 times compared to 5.9 times for the same period of 2000.
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