Lehman Brothers Collection - Contemporary Business Archives

Harvard Business School Baker Library Historical Collections

Lehman Brothers Collection

Twentieth-Century Business Archives

Arkansas Power & Light Co. Deal - Lehman Brothers Collection

Arkansas Power & Light Co.

Company DealArkansas Power & Light Company: issuance and sale of 75,000 shares of 4.56% preferred stock
Transaction TypePreferred Stock
Deal DescriptionArkansas Power & Light Company expected to use the proceeds of this deal to repay bank loans incurred or to be incurred to secure funds for construction purposes, for the construction of new facilities, for the extension and improvement of present facilities, and for other corporate purposes. Construction costs were anticipated to be approximately $39,500,000 for the year 1964. bvThe shares were redeemable with at least 30 days notice up to and including October 1, 1969.
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