Nortel to file $2.5 billion shelf
Nortel Networks today announced that it plans to file a shelf registration statement with U.S. and Canadian authorities for the sale $2.5 billion worth of securities. According to Nortel’s announcement, the establishment of this shelf will give the company “additional financial flexibility.” The company plans to withdraw its $1 billion shelf filing for the sale of debt and warrants to purchase debt.
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Among the securities covered in the filing are: common and preferred shares; subordinated and senior unsecured debt; warrants to purchase debt or equity; and share purchase contracts or equity units.
--Toby Weber, Staff Writer
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© 2012 Penton Media Inc.
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