Allied Chemical Corporation
| Company Deal | $100,000,000 7 7/8% debentures due September 1, 1996 |
|---|---|
| Transaction Type | debentures |
| Deal Description | Allied Chemical Corporation expected that the net proceeds from the sale of the debentures offered would be used for the repayment of all the short-term notes payable of the company ($49.5 million at August 31, 1971) and all the notes outstanding under its revolving credit agreement ($29 million) on August 31, 1971, with any balance to be used for general corporate purposes. |