Prudential Capital Group




An uncommitted financing facility, Pru-Shelf enables fast and efficient access to capital in the form of medium- and long-term notes that can be issued on multiple occasions.

With more than 500 facilities in place for both private and public companies, the aggregate Pru-Shelf portfolio now stands at $42.6 billion, $17.9 billion of which has been borrowed.*

* As of 12/31/08



Structural Characteristics
Choice of payment terms for each draw, with custom amortization schedule and maturity
Multiple draw capabilities, enabling interest rate averaging vs. market timing
Fixed- or floating-rate debt

Typical Size
$20 million - $200 million

Typical Uses
Refinance debt
  Lock-in fixed rate
  Interest rate averaging
Expansion/growth capital
Acquisitions
Opportunistic stock repurchasing
Diversification of capital sources
 
Issuer Benefits
Fast and efficient access to capital
  Terms and conditions of draws negotiated at establishment of facility
  Frequent rate indication (daily, if requested)
  Coupon set and funds delivered typically within three to five days
Customized debt to meet issuer’s operating objectives
Low setup and all-in costs
  No underwriting or registration fees
  No facility or unused commitment fees
  No agent fee
  One-time structuring fee
  Low issuance fee, payable at closing of each draw




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