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Webster Financial files automatic shelf registration
By Devika Patel
Knoxville, Tenn., Dec. 4 - Webster Financial Corp. and its subsidiaries jointly filed an automatic shelf registration in an S-3-ASR filing with the Securities and Exchange Commission.
The registration for the parent covers debt securities, common stock, preferred stock, depositary shares, purchase contracts, units and warrants. The subsidiaries' registration covers trust preferred securities guaranteed by the parent.
The securities may be structured as convertibles.
Proceeds will be used for general corporate purposes.
Waterbury, Conn.-based Webster Financial is the holding company for Webster Bank, NA.
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