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Banking, finance, and taxes

Visa Files To Raise Cash (V)

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By Douglas A. McIntyre Updated Published
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visa-logoWe 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

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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