Silverleaf Resorts files $100 million shelf registration

By E. Janene Geiss

Philadelphia, Oct. 23 - Silverleaf Resorts, Inc. filed a $100 million shelf registration in an S-3 filing with the Securities and Exchange Commission.

The filing covers debt securities, common stock, preferred stock and warrants. The securities may be structured as convertibles.

Proceeds will be used for general corporate purposes, which may include increasing working capital, reducing debt, acquisitions or investments in its own businesses and capital expenditures.

Also included the filing, a selling shareholder has registered to sell 9,349,417 shares of common stock, from which the company will not receive any proceeds.

Silverleaf Resorts is a Dallas-based owner and operator of timeshare resorts.

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