KPMG Consulting files $1 billion debt, preferred, stock, warrants shelf

New York, March 8 - KPMG Consulting, Inc. filed a shelf registration for $1 billion of debt securities, preferred stock, depositary shares, common stock and warrants to purchase common stock with the Securities and Exchange Commission. The securities can be structured as convertibles.

The McLean, Va. consulting firm said it would use proceeds for operations and other general corporate purposes, including repayment or refinancing of borrowings, working capital, capital expenditures, investments, acquisitions and the stock repurchases.

For the six months to Dec. 31, 2001, KPMG Consulting had an earnings to fixed charge ratio of 7.25 times compared to 5.91 times for the same period of 2000.

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