Lehman Brothers Collection - Contemporary Business Archives

Harvard Business School Baker Library Historical Collections

Lehman Brothers Collection

Twentieth-Century Business Archives

Chemical New York Corp. Deal - Lehman Brothers Collection

Chemical New York Corp.

Company DealChemical New York Corporation: $50,000,000 principal amount of 8.40% debentures due 1999; $50,000,000 principal amount of 7.80% notes due 1982
Transaction TypeDebentures / Notes
Deal DescriptionChemical New York Corporation made no less than $60,000,000 of the proceeds available to the Chemical Bank by way of a subordinated loan or capital contribution or a combination thereof for use in connection with the bank's lending and other activities. The remainder of such proceeds was retained by the company for general corporate purposes, including investments in or extensions of credit to (or a combination thereof) other existing and future banking and non-banking subsidiaries, including the bank.
Harvard Business School Harvard Business School Baker Library Histrorical Collections