Wells Fargo files automatic shelves for debt securities, preferreds

By Angela McDaniels

Tacoma, Wash., June 4 - Wells Fargo & Co. filed an automatic shelf registration for an undisclosed amount of debt securities in an S-3ASR with the Securities and Exchange Commission Thursday.

In a separate S-3ASR filing, the company registered to sell senior debt securities, subordinated debt securities, preferred stock, common stock, depositary shares, purchase contracts, units and securities warrants.

These debt securities and preferreds may be structured as convertibles.

The second shelf also covers preferred securities, normal preferred purchase securities, capital preferred purchase securities and stripped preferred purchase securities issued by Wells Fargo Capital XVI, Wells Fargo Capital XVII, Wells Fargo Capital XVIII, Wells Fargo Capital XIX and Wells Fargo Capital XX; guarantees by Wells Fargo of these securities; and junior subordinated debt securities issued by Wells Fargo.

Proceeds from both shelves will be used for general corporate purposes.

Wells Fargo is a diversified financial services company based in San Francisco.

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