Primerica files $1 billion shelf covering debt, stock and preferreds

By Devika Patel

Knoxville, Tenn., April 1 - Primerica, Inc. filed a $1 billion shelf registration in an S-3 filing with the Securities and Exchange Commission.

The registration covers common stock, preferred stock, debt securities, warrants, subscription rights, purchase contracts and purchase units, along with 49,517,698 shares (including 4,103,110 shares which are underlying warrants) to be offered by selling stockholders.

The securities may be structured as convertibles.

Proceeds will be used for working capital and other general corporate purposes.

The distributor of financial products is based in Duluth, Ga.

© 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.