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Centex files $1.5 billion debt, stock, preferreds, warrants, unit, convertibles shelf
New York, Feb. 22 - Centex Corp. filed a shelf registration for $1.5 billion of senior debt securities, subordinated debt securities, common stock, preferred stock, warrants, stock purchase contracts and stock purchase units with the Securities and Exchange Commission. The securities can be structured as convertibles.
Included in the total size of the shelf is $19 million of previously registered but unsold securities.
The Dallas, Texas homebuilder and manufactured housing company said it would use proceeds for general corporate purposes, possibly including repayment or refinancing of debt, working capital, capital expenditures, acquisitions and repurchases or redemption of securities.
For the nine months to Dec. 31, 2001, Centex had an earnings to fixed charge ratio of 4.12 times, excluding financial services operations, compared to 4.59 times for the same period a year earlier.
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