Brunswick-Balke- Collender Co. Deal - Lehman Brothers Collection
Brunswick-Balke- Collender Co.
|Company Deal||Brunswick-Balke-Collender Company: 1957 offering of $5,888,800 5% convertible subordinated debentures|
|Transaction Type||Convertible Subordinated Debentures|
|Deal Description||The Brunswick-Balke-Collender Company added the net proceeds from this transaction to its working capital. A recent increase in the sales of bowling alleys, school furniture, and gymnasium equipment required larger amounts of working capital to finance accounts receivable and inventories and the proceeds from the sale of the debentures were used primarily to carry accounts receivable and inventories.|
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