SAFECO Corp. has filed with the Securities and Exchange Commission to periodically sell up to $775 million in common and preferred stock, convertible stock and debt securities, contracts and units.
The Seattle-based company indicated it plans to use the proceeds from the shelf offering for general corporate purposes, that may include debt repayment and subsidiaries.
Was this article valuable?
Here are more articles you may enjoy.
‘Ghost Broker’ Who Procured 1,120 Policies Through Fraud Arrested 
IMA Latest to Sue Howden Over Alleged Employee Poaching 
Florida’s Unemployment Rate Is Surging Even as High-Profile Companies Move In 
KPMG Australia Scandal Widens After it Confirms Optus Data Was Misused 
