PSEG files $1.5 billion shelf

New York, Oct. 29 - Public Service Enterprise Group Inc. filed a $1.5 billion shelf registration with the Securities and Exchange Commission Friday.

The shelf covers common stock, preferred stock, stock purchase contracts, stock purchase units, debt securities and trust preferreds. Securities may be issued as convertibles. The total includes $452.94 million previously registered but unsold.

The Newark, N.J.-based energy company will use proceeds from the securities for general corporate purposes, including repayment of debt, unless otherwise specified at the time of sale, according to an S-3 filing with the SEC.

© 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.