Dow Jones

WASHINGTON - Regions Financial Corp. of Birmingham, Ala., filed to sell up to $1 billion of debt, preferred stock, and guarantees, according to a shelf registration statement filed late Monday with the Securities and Exchange Commission.

According to the filing, the company intends to use the net proceeds to redeem or repurchase outstanding securities, to fund investments in or extensions of credit to subsidiaries, to repay or refinance debt, to finance acquisitions, or for working capital.

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