Ruth’s Hospitality Group Inc. announced that the U.S. Securities and Exchange Commission has approved its universal shelf registration statement that would allow the company to issue up to $200 million in securities.
Although Ruth’s Hospitality has no commitments to sell securities, with the SEC approval it can sell any combination of common stock or other securities and use the net proceeds for debt repayment, working capital or other purposes.
The terms of any offerings under the shelf registration will be determined at the time of the offering and disclosed in a prospectus supplement filed with the SEC.