Lehman Brothers Collection - Contemporary Business Archives

Harvard Business School Baker Library Historical Collections

Lehman Brothers Collection

Twentieth-Century Business Archives

International Telephone and Telegraph Corporation Deal - Lehman Brothers Collection

International Telephone and Telegraph Corporation

Company Deal$50,000,000 4.90% sinking fund debentures due April 1, 1987
Transaction TypeSinking Fund Debentures
Deal DescriptionInternational Telephone and Telegraph Corporation used a portion of the proceeds from this transaction to pay outstanding short-term bank loans incurred for the purpose of providing ITT's divisions and consolidated subsidiaries with increased working capital and financing a portion of their capital expenditures. The balance of the proceeds was used for such working capital and capital expenditures.
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