Wellman files $400 million shelf

By Angela McDaniels

Seattle, April 7 - Wellman Inc. registered to sell up to $400 million of securities in a S-3 filing with the Securities and Exchange Commission.

Covered by the shelf are debt securities, common stock, warrants, stock purchase contracts, units and guarantees of debt securities by Wellman subsidiaries. Debt securities may be structured as convertibles.

Proceeds will be used for general corporate purposes.

Wellman is based in Fort Mill, S.C., and manufactures PET packaging resins and polyester staple fibers.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.