Russell Corporation has filed a universal shelf registration statement with the Securities and Exchange Commission, which will allow the Company to sell up to $250 million aggregate amount of securities, possibly including debt securities, guarantees of debt securities by certain of the Company's subsidiaries, common stock, preferred stock or warrants in one or more offerings from time to time in the future. The terms of any offering of securities will be established at the time of sale.
The Company does not have immediate plans for an offering under this shelf registration statement. However, the Company believes that the universal shelf registration will afford it flexibility in accessing capital markets in the future.
Upon effectiveness of the registration, one or more of these securities may be offered in amounts, at prices, and on terms to be announced when and if the securities are offered. The specifics of any future underwritten offerings, along with the use of proceeds of any securities offered, will be described in detail in a prospectus supplement at the time of any such offering.