Popular files automatic shelf registration for debt, preferreds, stock

By Devika Patel

Knoxville, Tenn., June 19 - Popular, Inc. and its subsidiaries jointly filed an automatic shelf registration in an S-3 ASR filing with the Securities and Exchange Commission.

The registration covers senior and subordinated debt securities, junior 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 describe in a prospectus supplement how it intends to use the proceeds.

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