Definition of 'Treasury Offering'
The issuance of an additional class of security already existing in a firm's treasury. During a treasury offering a company needs to raise more money, but doesn't want any extra debt, so they will often issue extra shares of its currently trading equity. Of course, there is a downside to treasury offerings; they are often the cause of dilution for existing shareholders (also defined as sunk costs). These are costs that cannot be reversed.
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