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Published on 2/1/2010 in the Prospect News Convertibles Daily and Prospect News Investment Grade Daily.

AutoChina files $300 million shelf for debt, stock, preference shares

By Devika Patel

Knoxville, Tenn., Feb. 1 - AutoChina International Ltd. filed a $300 million shelf registration in an S-3 filing with the Securities and Exchange Commission.

The registration covers ordinary shares, preferred shares, warrants, subscription rights, debt securities and units.

The securities may be structured as convertibles.

Proceeds will be used for general corporate purposes.

The company is based in Hebei, China.


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