Business in the Burbs

Movers, shakers and newsmakers

ITT to raise $1 billion by selling notes

April

ITT Corp., a White Plains-based defense contractor, said that it plans to raise about $1 billion by selling 5- and 10-year notes, according to a filing with the Securities and Exchange Commission. ITT will use proceeds from the sale for general business purposes, including repayment of short-term debt.

This entry was posted on Tuesday, April 28th, 2009 at 3:22 pm by Jay Loomis. You can follow any responses to this entry through the RSS 2.0 feed.
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Business in the Burbs is our online news blog about businesses based or operating in the Lower Hudson Valley. Visitors here will also find items of interest to consumers in the region. Most contributions are from business reporters and editors covering Westchester, Rockland and Putnam counties.

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