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Exhibit 99.1



FOR IMMEDIATE RELEASE                              CONTACT:  Michelle Lyle
                                                             +1.202.408.3818


                IRIDIUM LLC COMPLETES $300 MILLION DEBT FINANCING
                                 (NASDAQ: IRIDF)


(WASHINGTON, D.C.-October 13, 1997) Iridium LLC and Iridium Capital Corporation
announced the pricing of a $300 million Senior Note financing under Rule 144A.
The Senior Notes carry a coupon of 11.25%, priced at par and mature in July
2005.

Proceeds from the offering will be used by the Company to reduce a credit
facility that is guaranteed by Motorola from $655 million to $450 million. The
balance will be used for project funding. The reduction of the Motorola
guarantee will reduce Iridium LLC warrant compensation to Motorola which would
have required payment of warrants to purchase 2.3 million Iridium LLC Class 1
Interests with an exercise price of $0.01 per Interest between now and
commercial service activation.

Iridium LLC is developing and commercializing a global wireless communications
network that will combine the worldwide reach of 66 low-earth-orbit satellites
with land-based wireless systems to enable subscribers to communicate with
handheld telephones and pagers virtually anywhere in the world with service
activation planned for late 1998. Iridium World Communications, Ltd. (NASDAQ:
IRIDF) the public investment vehicle of Iridium LLC, completed an initial public
offering of approximately $240 million in June.

The Senior Notes have not been registered under the Securities Act of 1933 and
may not be offered or sold in the United States absent registration or an
applicable exemption from registration.

                                       ###

               IRIDIUM is a registered trademark and service mark
                               of Iridium LLC 1997




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