Cenco Instruments Corp. Deal - Lehman Brothers Collection
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.|
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