Advanta files $500 million debt securities shelf

By Devika Patel

Knoxville, Tenn., March 13 - Advanta Corp. filed a $500 million debt securities shelf registration in an S-3 filing with the Securities and Exchange Commission.

The securities are known as RediReserve variable-rate certificates and investment notes. They will have maturities of between 91 days and 10 years.

Proceeds will be used for general corporate purposes.

Advanta, a provider of credit cards and other financial services for businesses, is based in Spring House, Pa.

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