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$100,000,000 8.90% sinking fund debentures due October 1, 1995; $50,000,000 8.30% notes due October 1, 1975
Transaction TypeSinking Fund Debentures / Notes
Deal DescriptionInternational Telephone and Telegraph Corporation used a portion of the net proceeds from this transaction for the reduction of bank borrowings. The balance was used primarily for plant construction and expansion of facilities. Such bank borrowings were incurred principally for the purpose of providing increased working capital and for financing a portion of ITT's capital expenditures.
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