Fairlawn, OH, Feb. 5--Omnova today filed a shelf registration statement with the Securities and Exchange Commission.
The registration statement is intended to provide Omnova Solutions flexibility to raise, from time to time, up to $150 million from the offering of common shares, serial preferred stock, depositary shares and a variety of debt securities and warrants.
When declared effective, a shelf registration statement gives a company advance regulatory approval to sell securities in one or more separate offerings in amounts and at prices and terms to be determined at the time of the sale.
If the securities are issued, Omnova Solutions may use the proceeds for general corporate purposes, including reducing or refinancing debt and funding acquisitions.
A registration statement relating to these securities has been filed with the Securities and Exchange Commission, but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective.
