Lehman Brothers Collection - Contemporary Business Archives

Harvard Business School Baker Library Historical Collections

Lehman Brothers Collection

Twentieth-Century Business Archives

ITT World Communications Inc. Deal - Lehman Brothers Collection

ITT World Communications Inc.

Company Deal$35,000,000 principal amount of 8 1/2% debentures due July 15, 1998
Transaction TypeDebentures
Deal DescriptionITT World Communications, Inc., used the net proceeds from this transaction in part to pay amounts due to AC&R, consisting of intercompany advances, and to finance the repurchase of accounts receivable sold to finance company subsidiaries of ITT. The balance of the proceeds was added to the general funds of ITT Worldcom.
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