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Rayovac files $1.2 billion shelf to repay portion of 8½% notes, 7 3/8% notes
By Ted A. Knutson
Washington, April 27 - Rayovac Corp. registered a $1.2 billion S-3 shelf with proceeds of any drawdowns targeted to repay portions of the company's 8½% senior subordinated notes due 2013 and 7 3/8% senior subordinated notes due 2015, according to a filing with the Securities and Exchange Commission.
The shelf allows the company to issue common and preferred stock, debt securities, stock purchase contracts and units, warrants and convertibles.
In addition to repaying the bonds, the Atlanta-based battery maker said proceeds from offerings authorized by the shelf would be used for repayment of bank debt and for other general corporate purposes.
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