FirstPlus Financial Group Inc. said Monday that it has filed with the Securities and Exchange Commission to offer $400 million of new securities over the next two years.

The securities may include shares of common stock, shares of preferred stock and unsecured senior or subordinated debt securities, although the company said it did not anticipate issuing common stock, given the current price of its shares.

FirstPlus shares, dragged down recently by a downturn in the market for specialty finance companies, were trading for less than $44 Monday, off from an annual high of $61.875

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