Taylor Capital files $225 million shelf for debt, stock, preferreds

By Devika Patel

Knoxville, Tenn., Dec. 21 - Taylor Capital Group, Inc. filed a $225 million shelf registration in an S-3 filing with the Securities and Exchange Commission.

The registration covers debt securities, preferred stock, common stock, warrants, depositary shares, stock purchase contracts and stock purchase units.

The securities may be structured as convertibles.

The company will describe in a prospectus supplement how it plans to use the proceeds.

The Rosemont, Ill.-based company's primary businesses are commercial banking and mortgage origination.

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