Tyco: pulling itself together

Credit of the month


Tyco started 2003 on a high note. The Bermuda-based firm launched the largest ever US convertible bond, a $4.5 billion deal, and at the same time announced it had secured $1.5 billion in unsecured loan financing from its banks.

And on the last day of 2002 an internal investigation concluded that while the firm had used aggressive accounting to flatter its financial results, there had not been “significant or systematic fraud affecting the company’s prior financial statements”. The news was seen

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here