Smith International, Inc. (NYSE: SII) has just filed a mixed securities shelf registration statement. This will allow the oil and gas services company to sell debt, common stock, and units for an unspecified sum.
Shares of Smith International are down 1.4% at $65.86 late in the day. Its 52-week trading range is $53.39 to $88.40 and its market cap is nearly $13.3 Billion.
As of June 30, 2008, its cash and equivalents was listed as $141.5 million and total assets were $6.64 Billion. Total long-term and short-term liabilities were listed as $3.7 Billion.
Its use of proceeds is the standard "for general corporate purposes."
Jon C. Ogg
September 23, 2008
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