Avco Financial Services, Inc.
| Company Deal | $50,000,000 7 5/8% senior debentures due December 1, 1992 |
|---|---|
| Transaction Type | Senior Debentures |
| Deal Description | Avco Financial Services, Inc., added the net proceeds from this deal to the company's general funds to be used to reduce short-term borrowings. Since August 31, 1972, the company had incurred additional long-term indebtedness to banks and institutional investors in the aggregate amount of $26,000,000. The debentures matured on December 1, 1997. |