OKLAHOMA CITY-Dobson Communications Corp. reported that its Form S-3 registration statement was declared effective by the Securities and Exchange Commission, allowing certain shareholders to re-sale an aggregate of 686,201 shares of Dobson Series F convertible preferred stock and more than 81.6 million shares of Dobson’s Class A common stock.
The registration statement was amended to include AT&T Wireless Services Inc. as a selling shareholder pursuant to its registration rights with Dobson.
Dobson also reconfirmed it is considering a public offering of up to $150 million worth of Class A common stock, and it intends to offer shareholders that are included in the S-3 registration statement the opportunity to include a portion of their Class A shares in a possible public offering.
Dobson added that it would use any proceeds from a public offering to reduce debt and preferred stock obligations and for general corporate purposes.
