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WorldCom Responds to Court Approval of $1.1 Billion in Debtor-in-Possession Financing
Tuesday, October 15, 2002
WorldCom News Release

CLINTON, Miss.
The U.S. Bankruptcy Court for the Southern District of New York has approved up to $1.1 billion in debtor-in-possession (DIP) financing for WorldCom, Inc. (WCOEQ, MCWEQ) while it reorganizes under Chapter 11.

The following statement can be attributed to John S. Dubel, WorldCom Chief Financial Officer:

"Today's decision by the Court to approve our request for $1.1 billion in DIP financing is another positive step in our plan to emerge from Chapter 11. It reflects that WorldCom is performing well in the market and that our cash position is better than expected."
(More: WorldCom.com News Source)
2002 © WorldCom.

Dan