NEW YORK - Advanta Corp. announced Tuesday that it filed a shelf registration statement with the Securities and Exchange Commission to sell up to $1 billion of debt securities, depending on market conditions.

The company - whose Claymont, Del.-based subsidiary, Colonial National Bank USA, manages $5.4 billion of credit card, mortgage, and other loans - said proceeds would be used for general corporate purposes.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.