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Getty Realty files $350M securities shelf

Getty Realty Corp. filed a prospectus for the offer and sale of up to $350.0 million worth of its securities from time to time.

The filing covers common stock, preferred stock, debt securities, warrants to purchase common stock, preferred stock or debt securities, or any combination of the above-mentioned, either separately or as units consisting of one or more of the other securities.

Any net proceeds will go toward purchasing and financing individual properties and real estate portfolios. In addition, the proceeds can also be used to settle or refinance all or a portion of the company's outstanding debt under the revolving facility, for general business purposes and as working capital.