Progressive Files Shelf Registration for $650 Million
Cleveland-based Progressive Corp. announced that it has filed a shelf registration statement with the Securities and Exchange Commission, which will enable the company to issue debt securities up to $650 million.
The company may issue the securities in one or more transactions, and from time to time. The amount also includes $150 million of debt securities from a shelf registration statement filed in November 2001, which have not yet been issued.
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