| Deal Description | Associates Investment Company was to use the net proceeds from this deal to increase or maintain the working capital of the company, but the proceeds were to be initially applied to the reduction of short-term notes due within one year. Additional working capital of the company may have been used for the purchase of receivables in the ordinary course of financing activities, advanced to or invested in subsidiaries for such purposes, including, among other things, the bulk purchase of receivables, or advanced to or invested in subsidiaries for such other purposes as related to their respective businesses. The debentures became due on June 1, 1977. |
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