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Article: Bell Telephone Co. of Pennsylvania to issue debt securities.
- Article from:
- PR Newswire
- Article date:
- January 30, 1986
CopyrightCOPYRIGHT 1986 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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PHILADELPHIA, Jan. 30 /PRN-Mediawire/ -- The board of directors of the Bell Telephone Co. of Pennsylvania today authorized the company to issue debt securities, in one or more series, of an amount not to exceed $400 million.
The company plans to file a shelf registration with the Securities and Exchange Commission for the entire amount.
Proceeds of the sale would be used to repay short-term debt and, depending upon market conditions, to redeem outstanding high coupon debt issues. ...