WASHINGTON, DC— Four Seasons Hotels & Resorts, based in Toronto, has reportedly filed with U.S. regulators to sell— over time— up to $250 million in debt securities. As purportedly spelled out within a Securities and Exchange Commission (SEC) regulatory filing, Four Seasons indicated it might use proceeds for general corporate purposes, including making investments in properties, repaying debt or investing in short-term securities. It was pointed out an SEC shelf registration provides advance regulatory approval to sell securities in one or more separate offerings in amounts, at prices and on terms to be determined at the time of the sale. SOURCE: Reuters
