21.   As in California, Pennsylvania utilities want the bond money to reduce debt on nuclear plants and buy out government-mandated power-supply contracts.

22.   As the company pursues its strategy of reducing net debt, it hopes to refinance many of its maturing bonds with shorter-term securities.

23.   As part of its grooming to float shares France Telecom is actively seeking to reduce debt.

24.   At the time, the company was looking to reduce debt after lower-than-expected profits this year.

25.   Baesa has been drafting a restructuring plan with its creditors to reduce its debt and avoid insolvency.

26.   Borrowers are either desperately working to reduce their debts or are increasingly relying on the capital markets for their borrowing needs.

27.   Both companies said they planned to use the proceeds to reduce debt.

28.   Brady bonds are named after former U.S. Treasury Secretary Nicholas Brady, who proposed the scheme for reducing debt for developing countries.

29.   Brady bonds are named for former U.S. Treasury Secretary Nicholas Brady, who proposed the bonds to reduce developing country debt.

30.   A company like Viacom Inc., for example, could offer its stock for King World and use the cash to reduce its debt, analysts said.