Cenco Instruments Corp.
| Company Deal | Cenco Instruments Corporation: 5 1/4% convertible subordinated debentures |
|---|---|
| Transaction Type | Convertible Subordinated Debentures |
| Deal Description | Cenco Instruments Corporation added the net proceeds from this transaction to its general funds. A portion of the proceeds was applied to the reduction of short-term debt incurred principally for the financing of inventory and receivables. A portion was also spent on capital improvements for new plant facilities and equipment. The balance was to be utilized for a variety of corporate purposes, including working capital, and in connection with possible future acquisitions. At the time of the deal, the company was contemplating the construction of a new warehouse and office facilities. |