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Saul Centers registers $200M shelf

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Saul Centers registers $200M shelf

Saul Centers Inc. filed a registration statement for the sale of up to $200.0 million of its securities from time to time.

The filing covers common stock, preferred stock and depositary shares.

Net proceeds will be funneled to the company's operating partnership in exchange for largely identical securities of the partnership.

The operating partnership may utilize the proceeds for the redemption of outstanding preferred stock or depositary shares, repayment of debt, purchase of further properties, development of new assets, renovation of existing properties, and for working capital and general business purposes.