LITTLE ROCK, Ark.—Alltel Corp. filed a shelf registration statement with the Securities and Exchange Commission enabling the company to offer up to $5 billion in the aggregate of debt securities, common stock, preferred stock, forward purchase contracts, warrants, depositary shares and equity units.
Net proceeds from any offering will be used to finance pending acquisition of wireless properties from CenturyTel Inc., pending acquisition of wireline properties from Verizon Communications Inc. and general corporate purposes. Alltel said it expects to issue approximately $1 billion of equity and equity-linked securities this year to finance the two pending acquisitions.
The company also noted any offering under the filling would protect its “A/A2” long-term credit rating and “A1, P1, F1” commercial paper ratings.
