Acme Markets, Inc.
| Company Deal | $25,000,000 9 7/8% sinking fund debentures due August 1, 1990 |
|---|---|
| Transaction Type | sinking fund debentures |
| Deal Description | Acme Markets, Inc., added the proceeds received from the sale of debentures to the general funds of the company and used the proceeds to reduce short-term debt. The debt was incurred for capital expenditures and working capital requirements. The company anticipated the same continuing expenditures and expected to continue making short-term borrowings as needed; future needs for additional funds could also be met by sale of leaseback financings, long-term borrowings, and other sources. |