Infineon Technologies AG (Munich, Germany) announced that it has filed a shelf registration statement with the US Securities and Exchange Commission to periodically sell up to $1.5 billion in debt securities and common stock. In the shelf registration filing Infineon said it planned to use the net proceeds for working capital and other general corporate purposes, including capital expenditures and acquisitions.
A spokeswoman for Infineon reported that the company has no plans at present to raise the capital and is prevented by a lock-up clause from selling bonds or shares before May 2002 after it raised one billion euros ($868.1 million) in January through a convertible bond issue. "Infineon is not planning any capital measures at present," she stated. "Infineon has enough cash to cope with the current difficult market conditions."
