ICO Global files $400 mln mixed shelf offering

Thu Jul 3, 2008 11:32am BST
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July 3 (Reuters) - ICO Global Communications (Holdings) (ICOG.O: Quote, Profile, Research) said it may periodically sell up to $400 million in debt securities, Class A and preferred stock and warrants.

The company plans to use part of the proceeds for acquisitions, repayment of debt and general corporate purposes, ICO Global said in a regulatory filing.

Under a shelf registration filed with the U.S. Securities and Exchange Commission, a company may sell securities in one or more separate offerings with the size, price and terms to be determined at the time of sale. (Reporting by Bhaswati Mukhopadhyay in Bangalore; Editing by Vinu Pilakkott)

 
 
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