101. The remainder of the funds would be used to refinance some debt, provide working capital and finance some other acquisitions. 102. The remaining debt will be refinanced over a seven-year period, officials said. 103. The state used the proceeds from that sale to refinance outstanding debt at lower interest rates. 104. The savings would come mostly from refinancing the debt on the closed Shoreham nuclear plant with tax-exempt bonds and by avoiding federal corporate taxes. 105. The Texas bill includes similar provisions, such as letting utilities refinance debt at lower costs with bonds backed by electric bills. 106. The two banks recently worked on similar refinancings for Lucent and Motorola, two other companies that successfully refinanced their debt. 107. The UGT currently is trying to refinance its debts. 108. The state plans to use the money to pay its bills, refinance debt and invest. 109. The Texas bill included similar provisions, such as letting utilities refinance debt at lower costs with bonds backed by electric bills. 110. To pay for the acquisition, Raytheon will borrow the funds on a short-term basis, and then refinance the debt later in the year by selling long-term bonds. |