International Telephone and Telegraph Corporation
| Company Deal | $50,000,000 4.90% sinking fund debentures due April 1, 1987 |
|---|---|
| Transaction Type | Sinking Fund Debentures |
| Deal Description | International 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. |