JACKSON, MS, (March 18, 1997) --
WorldCom, Inc. (WorldCom) today announced that it proposes to issue
$1.5 billion of senior notes in a partial drawdown of its previously
announced shelf registration statement. The shelf registration
statement became effective February 12, 1997 for the sale, from time
to time, of debt securities having an aggregate value of up to $3.0
billion.
WorldCom intends to use the net proceeds from this offering under
this registration primarily for the repayment of bank debt, general
corporate purposes and to fund expansion.
A preliminary prospectus supplement related to this offering has
not yet been distributed. These securities may not be sold, nor may
offers to buy be accepted, prior to availability of a final
prospectus supplement. This communication shall not constitute an
offer to sell or the solicitation of an offer to buy, nor shall there
be any sale of the securities in any state in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state.
WorldCom is a global business telecommunications company.
Operating in more than 50 countries, the company is a premier
provider of facilities-based and fully integrated local, long
distance, international and Internet services. WorldCom subsidiary,
UUNET Technologies, Inc., is the world's largest provider of
Internet services. WorldCom's World Wide Web address is:
http://www.wcom.com. The common and depositary shares of WorldCom
trade on the Nasdaq National Market (U.S.) under the symbol WCOM and
WCOMP, respectively.
