DaimlerChrysler Files Registration Statement for $30 Billion of Debt
DaimlerChrysler
(DCX)
filed a shelf registration with the
Securities and Exchange Commission
covering $30 billion in debt securities.
The automaker's registration statement said the proceeds from any sale of medium-term notes would be used for general company purposes. The company will have the ability to sell the notes from time to time at prices that will be determined at the time of the offerings.
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The company is also including an additional $202 million in unsold notes from a previous registration. Shares of DaimlerChrysler fell $2.31, or 4.5%, to $49.35 in recent
New York Stock Exchange
trading.
The registration statement follows slowing
January vehicle sales and
major layoffs at the German-American automaker.
