Willbros Group files $300 million shelf for stock, preferreds, debt

By Devika Patel

Knoxville, Tenn., May 23 - Willbros Group, Inc. filed a $300 million shelf registration in an S-3 filing with the Securities and Exchange Commission.

The registration covers senior and subordinated debt securities, preferred stock, depositary shares, common stock, warrants, purchase contracts, units and guarantees of debt securities.

The securities may be structured as convertibles.

Proceeds will be used for working capital and general corporate purposes.

Willbros is a Houston-based provider of engineering, procurement and construction services to the oil and gas, refinery, petrochemical and power industries.

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