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Strategies & Market Trends : Three Amigos Stock Thread

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To: Cary C who wrote (4206)5/2/1998 5:07:00 PM
From: Redhead  Read Replies (1) of 29382
 
Hello Amigoland,

I need a lesson today, please help. I own this stock and I don't understand what the press release below means, so could someone explain how this impacts a stock???? Have seen this kind of press release from time to time, so I will have my stock lesson 101 today.

Dillard's files debt shelf for $300 mln
WASHINGTON, May 1 (Reuters) - Dillard's Inc filed Friday with the Securities and Exchange Commission a shelf registration to sell up to $300 million in debt securities.
When combined with a previous registration, Dillard's will have a total offering of $500 million in debt securities available for sale.

No underwriters were named in the filing.

Net proceeds will be used to reduce short-term debt and other debt, to finance the company's operations and for other general corporate purposes.

Thanks and keep that smile,

Redhead

PS Congrats on the good stock picker award, you guys and Jim deserve it. Especially putting up with all my questions...hahahahha

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