Arkansas Power & Light Co.
| Company Deal | Arkansas Power & Light Company: issuance and sale of 75,000 shares of 4.56% preferred stock |
|---|---|
| Transaction Type | Preferred Stock |
| Deal Description | Arkansas 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. |