American General Insurance Company
| Company Deal | $100,000,000 9 3/8% debentures due December 15, 2008 |
|---|---|
| Transaction Type | Debentures |
| Deal Description | American 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. |