Lehman Brothers Collection - Contemporary Business Archives

Harvard Business School Baker Library Historical Collections

Lehman Brothers Collection

Twentieth-Century Business Archives

American General Insurance Company Deal - Lehman Brothers Collection

American General Insurance Company

Company Deal$100,000,000 9 3/8% debentures due December 15, 2008
Transaction TypeDebentures
Deal DescriptionAmerican General Insurance Company expected to use the proceeds of this deal for general corporate purposes, chiefly for the retirement of a portion of the company's outstanding $1.80 convertible preferred stock. Any additional proceeds not used for this purpose were to be applied to the reduction of commercial paper or short-term bank borrowings, or for investments in securities. The debentures were due on December 15, 2008, and were not redeemable until December 15, 1988.
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