Veritiv Corp. (VRTV) disclosed in a regulatory filing late Monday that it filed a $200 million mixed shelf offering, consisting of common and preferred stock, debt securities, and warrants and rights to purchase common and/or preferred stock.
In the filing, Veritiv also said selling a stockholder UWW Holdings may offer up to 7.8 million VRTV shares, and that the company will not receive any proceeds from this secondary offering.
The company said it will use net proceeds from the mixed shelf offering for general corporate purposes, including working capital, capital expenditures and for debt repayment purposes.
VRTV shares were inactive after-hours after closing below the midpoint of the 52-week range of $32.77 to $54.50.
