NationsBank Corp. said Thursday that it had closed its whopping $12 billion syndication for WorldCom Inc.

The loan package is being used to pay for part of the telecommunications company's $45.8 billion buyout of MCI Corp., expected to close before the end of the month.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.