Lance has filed a universal shelf registration statement with the US Securities and Exchange Commission, a move that will enable the snack food group to access financing to fund growth.
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The shelf registration will allow the company the flexibility to raise up to US$250m in debt securities, common stock, preferred stock, depositary shares, warrants, stock purchase contracts, stock purchase units.
Pricing and terms would be determined at the time of any potential offering, the company said.
“Although we have no specific plans to offer securities under the shelf registration at this point, it positions us to quickly arrange financing for business opportunities that support our growth strategy,” Lance president and CEO David Singer revealed.
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