General Electric Co. filed a shelf registration for the sale of about $20 billion in securities, including stock and debt, to replace a three-year-old submission that was expiring.
A shelf registration allows companies to sell a specified amount of securities for routine needs without having to register each offering with the U.S. Securities and Exchange Commission. The filing from Fairfield, Connecticut-based GE covers preferred and common shares as well as delayed delivery contracts and guarantees.
About $19.9 billion of the securities were unsold under a registration statement initially filed in November 2008 and updated on February 2010, according to the filing. About $1.7 million in securities were added today.
The new registration replaces the 2008 filing, which was expiring, said Kenny Juarez, a GE spokesman.
Proceeds may be used for debt repayment, capital expenditures and investment in subsidiaries or acquisitions, GE said in the filing.