United Utilities Plc — the U.K. wastewater, telecommunications and electricity company — made a filing on Thursday with the U.S. Securities and Exchange Commission to periodically sell up to $2 billion in debt securities.
The company, based in Warrington, England, plans to use the net proceeds for general corporate purposes, according to its shelf registration filing.
Under a shelf registration, a company may occasionally sell securities in one or more separate offerings. This would be done in amounts, at prices, and on terms to be determined at the time of sale.
Source: Reuters
