(NewsTraders) -- GTE Corp.'s (GTE) wholly owned subsidiary, GTE Northwest, filed $300 million of debentures at the SEC today, according to an S-3 shelf filing.
The company said it will use the proceeds to repay short-term borrowings used to finance its construction program, and for general corporate purposes.
GTE California also registered $300 million of debentures at the SEC, according to a form S-3 shelf filed Friday.
Today's filing also carries over $200 million of debentures from a previous filing, bringing the total amount of securities covered to $500 million.
The company said it will use the proceeds to fund its construction program and for general corporate purposes.
Another wholly owned subsidiary, GTE North, registered $400 million of debentures at the SEC Friday, according to an S-3 shelf filing.
The company will carry over an additional $150 million of debentures that were previously registered but not yet issued, bringing the total securities covered under today's filing to $550 million.
GTE will use the proceeds to repay short-term borrowings used to redeem mortgage bonds on March 31, 1998 and its construction program, and also for general corporate purposes.
Finally, GTE Southwest registered $600 million of debentures at the SEC Friday, according to an S-3 shelf filing. |
