Ryland files $350 million shelf

By Ted A. Knutson

Washington, Dec. 20 - The Ryland Group Inc. registered a shelf for up to $350 million in securities in an S-3 filing with the Securities and Exchange Commission.

Included within the shelf are debt securities, common stock, preferred stock, depositary shares and warrants, and stock purchase units and warrants with the potential for convertibles.

The Calabasas, Calif.-based homebuilder said proceeds from offerings authorized by the shelf will be used for general corporate purposes, which may include acquisitions, stock repurchases, working capital, capital expenditures, and debt repayment.

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