Ohio Casualty files debt securities, stock, trust preferreds shelf

By Angela McDaniels

Seattle, March 5 - Ohio Casualty Corp. registered to sell an undisclosed amount of securities in an S-3ASR filing with the Securities and Exchange Commission on Monday.

Covered by the shelf are debt securities, common shares, depositary shares, warrants, stock purchase contracts and stock purchase units. Also covered by the shelf are trust preferred securities of Ohio Casualty Capital trust I and Ohio Casualty Capital Trust II and guarantees of the trust preferred securities by Ohio Casualty.

Debt securities, preferred shares and depositary shares may be structured as convertibles.

Proceeds will be used for general corporate purposes, and the trusts will use proceeds from the sale of trust preferreds to purchase Ohio Casualty debt securities.

The Fairfield, Ohio-based insurance holding company has already paid a $68,250 registration fee for $500 million of securities that were registered and not sold.

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