Trico Marine Files to Sell Up to $150M in Stock

Trico Marine Services Inc. filed with U.S. regulators to sell on occasion up to $150 million in common and preferred stock, depositary shares, debt securities, guarantees and warrants. It said it plans to use the proceeds for general corporate purposes, which may include debt repayment, acquisitions, capital spending and working capital. It will not receive any proceeds from the sale of stock by shareholders. — (Reuters)