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$4 billion shelf statement filed with commission

Thursday, July 19, 2001 | 11:12 a.m.

WASHINGTON -- Sprint Corp. filed a shelf registration statement with the U.S. Securities and Exchange Commission to sell as much as $4 billion of debt securities and stock.

The S-3 filing allows the company to register the securities in advance and then sell them when market conditions are favorable or when financing needs arise. Terms of the securities, which includes PCS common stock, preferred stock and debt securities, are usually available at the time of the sale.

Sprint operates the dominant telephone company serving Southern Nevada.

The company said proceeds would be used for general corporate purposes, including repayment of debt, capital investments and funding working capital requirements.

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