Brooks Automation files $200 mln debt, equity shelf
Tuesday October 7, 4:40 pm ET
WASHINGTON, Oct 7 (Reuters) - Brooks Automation Inc. (NasdaqNM:BRKS - News) on Tuesday filed with the Securities and Exchange Commission (News - Websites) to periodically sell up to $200 million in debt securities and common and preferred stock.
The Chelmsford, Massachusetts-based producer of factory automation software for microchip makers plans to use the net proceeds for general corporate purposes, which may include repayment or refinancing of debt, investments, capital expenditures, acquisitions or repurchases of capital stock, it said in the shelf registration filing.
A shelf registration gives a company advance regulatory approval to sell securities, allowing the company flexibility in the amount and timing of an offering.
Brooks shares rose 5.22 percent, or $1.20, to close at $24.20 on Nasdaq. |
