BB&T files $2.5 billion shelf

New York, July 14 - BB&T Corp. filed a $2.5 billion shelf in an S-3 registration with the Securities and Exchange Commission Thursday.

Covered by the shelf are debt securities, common stock, preferred stock, depositary shares, stock purchase contracts, stock purchase units, warrants, units and trust preferreds. The debt and preferreds may be issued as convertibles.

BB&T, a Winston-Salem, N.C., commercial bank, will use proceeds for general corporate purposes unless otherwise indicated at the time of sale.

© 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.