Lehman Brothers Collection - Contemporary Business Archives

Harvard Business School Baker Library Historical Collections

Lehman Brothers Collection

Twentieth-Century Business Archives

Baxter Laboratories, Inc. Deal - Lehman Brothers Collection

Baxter Laboratories, Inc.

Company Deal1962 financing
Transaction TypeConvertible Subordinated Debentures
Deal DescriptionBaxter Laboratories, Inc., added the net proceeds from this transaction to its general funds. Such funds were used to prepay outstanding short-term bank loans and to retire bank debt. The balance of the proceeds was available for additional working capital required by an increase in the volume of sales and for capital expenditures, including additional plant facilities.
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