Advanta files $500 million shelf registration covering debt securities

By Devika Patel

Knoxville, Tenn., July 17 - Advanta Corp. filed a $500 million senior debt securities shelf registration in an S-3 filing with the Securities and Exchange Commission.

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

Proceeds will be used for general corporate purposes.

Spring House, Pa.-based Advanta provides credit cards to small business through Advanta Bank Corp.

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