Lehman Brothers Collection - Contemporary Business Archives

Harvard Business School Baker Library Historical Collections

Lehman Brothers Collection

Twentieth-Century Business Archives

Chase Manhattan Corp. Deal - Lehman Brothers Collection

Chase Manhattan Corp.

Company DealChase Manhattan Corporation: $200,000,000 6 1/2% convertible subordinated debentures due 1996
Transaction TypeConvertible Subordinated Debentures
Deal DescriptionThe Chase Manhattan Corporation made the net proceeds from this transaction available to the Chase Manhattan Bank through the purchase by the corporation of shares of capital stock of the bank. In view of the growth in total assets and deposits of the bank in recent (to the time of the deal) years, and the anticipated future demand for funds, the corporation and the bank believed it desirable to further strengthen the capital base of the bank. The funds received by the bank from the corporation were added to the general funds of the bank for use in its normal business activities.
Harvard Business School Harvard Business School Baker Library Histrorical Collections