Alex. Brown Incorporated Files to Offer $150 Million of Debt Securities.BALTIMORE Baltimore, city (1990 pop. 736,014), N central Md., surrounded by but politically independent of Baltimore co., on the Patapsco River estuary, an arm of Chesapeake Bay; inc. 1745. , Md.--(BUSINESS WIRE)--July 10, 1995--Alex. Brown Incorporated today filed an S-3 shelf registration statement with the Securities and Exchange Commission covering up to $150 million of debt securities. The securities to be offered may include either straight or convertible debt securities. The terms of any securities to be offered will be described in a supplemental prospectus. Alex. Brown plans to use the proceeds from the offering for general corporate purposes, which may include additions to working capital, the repayment of short-term indebtedness INDEBTEDNESS. The state, of being in debt, without regard to the ability or inability of the party to pay the same. See 1 Story, Eq. 343; 2 Hill. Ab. 421. 2. and investments in, or extensions of credit to, subsidiaries. Alex. Brown is a holding company whose principal subsidiary is Alex. Brown & Sons Incorporated, the oldest investment banking firm in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . Alex. Brown's Common Stock is traded on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. under the symbol "AB." A registration statement relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This shall not constitute an offer to sell or the solicitation solicitation In criminal law, the act of asking, inducing, or directing someone to commit a crime. The person soliciting another becomes an accomplice to the crime. The term also refers to the act of obtaining bribes, as well as to the crime of a prostitute who offers sexual of an offer to buy nor shall there be any sale of these securities in any State in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such State. CONTACT: Alex. Brown Incorporated Beverly L. Wright, 410/727-1700 Internet: abrown@access.digex.net |
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