Verasun Energy files $750 mln mixed shelf offering

Thu Aug 14, 2008 6:32am EDT

Aug 14 (Reuters) - Verasun Energy Corp VSE.N said on Thursday it may periodically sell up to $750 million in debt securities, common and preferred stock, warrants, depositary shares, rights, contracts and units.

The ethanol maker said it intends to use the proceeds for working capital and other general corporate purposes.

Under a shelf registration filed with the U.S. Securities and Exchange Commission, a company may sell securities in one or more separate offerings with the size, price and terms to be determined at the time of sale. (Reporting by Aradhana Aravindan in Bangalore)


After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.