Caraustar Industries, Inc. (Nasdaq: CSAR) has filed a Form S-3 shelf registration statement with the US SEC.
When declared effective by the SEC, the registration statement will permit Caraustar to issue from time to time up to an aggregate of $325 million in common stock, preferred stock, depositary shares, debt securities, including convertible debt, warrants and guarantees of debt securities. The net proceeds of any sale of securities by Caraustar may be used for general corporate purposes, including, without limitation, repayment or repurchases of indebtedness, strategic investments or acquisitions.
Caraustar, a recycled packaging company, is one of the world’s largest integrated manufacturers of converted recycled paperboard. Caraustar serves the four principal recycled boxboard product end-use markets: tubes, cores and composite cans; folding cartons; gypsum facing paper; and miscellaneous “other specialty” products.
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