ZEP INC
SymbolZEP

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Zep Inc. Announces Filing of Universal Shelf Registration Statement

2009-10-14 16:31 ET - News Release


ATLANTA -- (Business Wire)

Zep Inc. (NYSE:ZEP) today announced that it has filed a shelf registration statement or Form S-3 with the Securities and Exchange Commission (SEC).

Upon being declared effective by the SEC, the shelf registration statement will allow Zep to raise up to an aggregate of $200 million through the sale of equity, debt, and certain other types of securities described in the registration statement, through one or more offerings, from time to time in the future. Pursuant to the shelf registration statement filed with the SEC, the net proceeds from the sale of any securities to be registered thereunder will be used for general corporate purposes, which may include funding capital expenditures, pursuing growth initiatives, whether through acquisitions, joint ventures or otherwise, repaying or refinancing indebtedness or other obligations, and financing working capital.

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