ITT World Communications Inc.
| Company Deal | $35,000,000 principal amount of 8 1/2% debentures due July 15, 1998 |
|---|---|
| Transaction Type | Debentures |
| Deal Description | ITT 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. |