Chemical New York Corp.
| Company Deal | Chemical 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 Type | Debentures / Notes |
| Deal Description | Chemical 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. |