05/23/2002|Verizon News Archives
WorldCom Secures New $1.5 Billion Accounts Receivable Securitization Program
CLINTON, Miss., May 23, 2002 - WorldCom, Inc. (NASDAQ: WCOM, MCIT) today announced that, as expected, it secured a new $1.5 billion accounts receivable securitization program. The new program does not contain any ratings triggers.
Lead banks for the new WorldCom accounts receivable facility are Citigroup and JPMorgan Chase.
ABOUT WORLDCOM, INC.
WorldCom, Inc. (NASDAQ: WCOM, MCIT) is a pre-eminent global communications provider for the digital generation, operating in more than 65 countries. With one of the most expansive, wholly-owned IP networks in the world, WorldCom provides innovative data and Internet services for businesses to communicate in today's market. For more information, go to http://www.worldcom.com.
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