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To: 2brasil who wrote (36405)	7/21/1999 2:15:00 PM
From: Ruffian	Respond to of 152472

Globlstar> July 21, 1999 Globalstar companies file for securities offerings NEW YORK—Globalstar L.P. and Globalstar Telecommunications Ltd. said they filed a shelf registration statement with the Securities Exchange Commission covering up to $500 million of securities. Under the registration statement, GTL may offer shares of common stock, preferred stock or warrants, and Globalstar may offer senior, subordinated, secured or unsecured debt securities, all at prices and on terms to be determined at the time of the offering. Proceeds from any offering would be used for general corporate purposes, which may include refinancing of outstanding indebtedness, said GTL and Globalstar.