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Article: American Standard Companies Inc. Files $500 Million Senior Debt Shelf Registration.
- Article from:
- PR Newswire
- Article date:
- November 25, 1998
CopyrightCOPYRIGHT 1998 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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PISCATAWAY, N.J., Nov. 25 /PRNewswire/ -- American Standard Inc. and its parent, American Standard Companies Inc. (NYSE: ASD), announced that they have filed a joint shelf registration statement with the Securities and Exchange Commission covering $500 million of senior debt securities to be offered by American Standard Inc. and unconditionally guaranteed by American Standard Companies Inc. The debt securities will be available to be offered from time to time at interest rates to be determined by market conditions. Proceeds from the sale of the securities will be used for general corporate purposes including refinancing of debt.
The registration statement ...