| Deal Description | The Bendix Corporation was to use a portion of the net proceeds from this deal to retire a portion of the outstanding short-term debt of the company, which at June 30, 1974, amounted to approximately $221.1 million. The proceeds of the indebtedness retired were used principally for additional working capital, capital expenditures, and acquisitions of other businesses. Recent acquisitions included American Forest Products Corporation and the mobile homes and recreational vehicle business of Boise Cascade Corporation. Any additional funds needed for capital expenditures, working capital, or other purposes were provided from Bendix's cash resources, from the sale of additional securities, or from additional borrowings. |
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