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Short Take: Rhythms files for secondary offering

Rhythms NetConnections, a digital subscriber line provider, has filed for secondary offering of up to more than 4.7 million common shares. The shares, currently held by holders of the company's warrants, are being offered in connection with its May 1998 senior note offering, the company said. Merrill Lynch, Solomon Smith Barney, Hambrecht & Quist, and Thomas Weisel Partners will underwrite the offering.

    Rhythms NetConnections, a digital subscriber line provider, has filed for secondary offering of up to more than 4.7 million common shares. The shares, currently held by holders of the company's warrants, are being offered in connection with its May 1998 senior note offering, the company said. Merrill Lynch, Solomon Smith Barney, Hambrecht & Quist, and Thomas Weisel Partners will underwrite the offering.