Caterpillar Tractor Co.
| Company Deal | $150,000,000 8.60% sinking fund debentures due May 1, 1999 |
|---|---|
| Transaction Type | Sinking Fund Debentures |
| Deal Description | Caterpillar Tractor Company used the net proceeds from this transaction to repay a substantial portion of the company's short-term debt. These short-term borrowings, together with internally generated funds, were used primarily to finance construction of new facilities and improvements to existing facilities and to finance increased working capital requirements |