Chemical New York Corp. Deal - Lehman Brothers Collection
Chemical New York Corp.
|Company Deal||Chemical New York Corporation: $50,000,000 principal amount 5 1/2% convertible subordinated debentures due 1996|
|Transaction Type||Convertible Subordinated Debentures|
|Deal Description||The net proceeds of Chemical New York Corporation from this transaction were made available to the Chemical Bank either by way of a subordinated loan or capital contribution or a combination thereof for use in the operation of its banking business. The funds so obtained by the bank were used in connection with the bank's lending and other activities.|
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