HCC Files Securities Shelf

The insurer can raise up to $1 billion under the shelf registration.
Publish date:

HCC Insurance Holdings

(HCC) - Get Report

has filed with the

Securities and Exchange Commission

to sell up to $1 billion in securities.

The universal shelf registration statement covers shares of HCC's common stock, senior or subordinated debt securities and warrants, as well as trust preferred securities to be issued under its Delaware business trusts.

The Houston, Texas-based insurance provider said it currently does not intend to issue securities under the registration statement, but potential future expansion of existing operations and possible merger and acquisition activity may fuel the need for funds.

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