Great Western Files Shelf Offering Documents

Great Western Financial Corp. in Chatsworth has filed documents with the Securities and Exchange Commission for a shelf offering of up to $750 million in stock or debt.

In a shelf offering, a company fulfills the necessary registration requirements up to two years before offering securities so that it may try to sell the securities when market conditions are favorable with a minimum of paperwork.

The savings and loan said it now has no plans for a debt or equity offering. If it does sell securities at a later date, it said, the proceeds would be used for general corporate purposes.