RigNet files $150 million shelf covering stock, debt and preferreds

By Devika Patel

Knoxville, Tenn., Dec. 15 - RigNet Inc. filed a $150 million shelf registration in an S-3 filing with the Securities and Exchange Commission.

The registration covers senior and subordinated debt securities, common stock, preferred stock, warrants and units, along with 8,037,713 common shares to be offered by selling shareholders.

The securities may be structured as convertibles, according to the S-3.

Proceeds will be used for various business purposes, including acquisitions, capital expenditures, working capital, securities repurchases and redemptions and other general corporate purposes.

RigNet is a Houston-based network infrastructure provider.

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