111. Proceeds from the stock will be used to pay short-term debts. 112. Proceeds from this offering will be used to pay down debt, the company said. 113. Proceeds will be used to pay down existing debt. 114. Railroad-car brake pads are used to pay rail tariffs, which have been kept artificially high to subsidize passenger travel. 115. Proceeds from the debt offering were to be used to pay down existing debt, including borrowings under a revolving credit agreement. 116. Proceeds from the IPO will be used to pay a dividend to Hay Island Holding Corp., a company indirectly controlled by Chief Executive William Ziegler III. 117. Proceeds from the sale will be used to pay debt owed by other state companies slated for sale, Poletto said. 118. Proceeds will be used to pay down bank debt, he said. 119. Politicians are nearly unanimous that this money should be used to pay off the federal debt. 120. President Bush acknowledged Tuesday that the final version of his education reform plan probably would not allow federal dollars to be used to pay for private school tuition. |