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AOL plans to raise another $1.25 billion

Published on .

America Online announced it plans to offer a new issue of about $1.25 billion in principal amount at maturity of zero coupon convertible subordinated notes due 2019. The offering, made off the shelf registration statement filed by AOL earlier this year, will be made only by means of a prospectus. The company said proceeds from the offering will be used for general corporate purposes.

Copyright November 1999, Crain Communications Inc.

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