Visa Files To Raise Cash (V)

Banking, finance, and taxes

Published: May 6, 2009 8:59 am

Last Updated: April 28, 2020 9:20 am

We had been awaiting a shelf registration statement from Visa Inc. (NYSE: V) for a while now, and now we have gotten that filing this morning. While the company has downplayed the importance of this it may be a rather important development despite few specifics.

The shelf registration statement will allow Visa to sell any combination of Class A common stock, preferred stock, depositary shares, debt securities, and warrants. As with most shelf registrations there are no underwriters named.

This should be no shock. As we noted with its last earnings: The company hinted that it would sell securities after an S-3 filing comes within the next 10 days, but it stressed that no specific plans were in place to immediately raise cash.

The company has seemingly downplayed the importance of this notion. We may see a filing to formally sell securities. And we might not. Our bet is that Visa may want to add some cash to its coffers if it thinks it can be done on the cheap.

Here is a link to that filing.

Jon C. Ogg

100 Million Americans Are Missing This Crucial Retirement Tool

The thought of burdening your family with a financial disaster is most Americans’ nightmare. However, recent studies show that over 100 million Americans still don’t have proper life insurance in the event they pass away.

Life insurance can bring peace of mind – ensuring your loved ones are safeguarded against unforeseen expenses and debts. With premiums often lower than expected and a variety of plans tailored to different life stages and health conditions, securing a policy is more accessible than ever.

A quick, no-obligation quote can provide valuable insight into what’s available and what might best suit your family’s needs. Life insurance is a simple step you can take today to help secure peace of mind for your loved ones tomorrow.

Click here to learn how to get a quote in just a few minutes.