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Popular, subsidiaries file automatic debt, stock shelf registration
By Devika Patel
Knoxville, Tenn., June 12 - Popular, Inc. and its subsidiaries jointly filed an automatic shelf registration in an S-3ASR with the Securities and Exchange Commission.
The registration covers senior debt securities, subordinated debt securities, preferred stock, common stock, warrants, purchase contracts, depositary shares and units, along with capital securities and debt securities to be offered by Popular's subsidiaries and guaranteed by the parent.
The securities may be structured as convertibles.
The Hato Rey, Puerto Rico, bank will use describe in a prospectus supplement how it intends to use the proceeds.
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