NYSE:LEAAuto Components
Lear (LEA) Files Shelf Registration And Launches $252 Million Stock Offering
Lear (NYSE:LEA) filed a new universal shelf registration, expanding its capacity to issue securities in the future.
The company also launched a $252 million common stock offering tied to its Employee Stock Ownership Plan.
Lear is a major automotive supplier focused on seating and electrical distribution systems, so capital flexibility can matter for product programs with large up front costs. The new shelf registration gives the company additional tools to access funding as auto...