Bank One files $12 bln debt, pfd, stock, convert, warrant shelf

New York, Oct. 4 - Bank One Corp. filed a registration for up to $12 billion of debt securities, preferred stock, common stock and warrants with the Securities and Exchange Commission Thursday.

Both the preferred stock and the debt may be issued as securities that convert into common stock.

The Chicago-based bank and financial holding company said it would use proceeds for general corporate purposes, which may include the reduction of short-term debt, investments at the holding company level, investments in or extensions of credit to its affiliates and other banks and companies engaged in other financial service activities, possible acquisitions and any other purpose stated in any prospectus supplement.

For the six months ended June 30, 2001, Bank One had an earnings to fixed charge ratio of 1.8:1 excluding interest expense on deposits compared to 0.6:1 for the same period of 2000.

End

© 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.