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Arabian American files $40 million shelf for stock and debt securities
By Devika Patel
Knoxville, Tenn., Aug. 16 - Arabian American Development Co. filed a $40 million shelf registration in an S-3 filing with the Securities and Exchange Commission.
The registration covers common stock, debt securities and warrants.
The debt may be structured as convertibles.
Proceeds will be used for general corporate purposes.
Based in Sugar Land, Texas, Arabian American makes petrochemical products.
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