Arlington Tankers Ltd., a Bermuda-based transportation company, filed with regulators on Thursday to periodically sell up to $150 million in common and preference shares, debt securities, and warrants.

The company said in a registration statement with the US Securities and Exchange Commission that it will use the proceeds from the offering for general corporate purposes, including repaying debt, working capital, business acquisitions, and capital expenditures.

Under a shelf registration, 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.