Chevron Overseas Finance Co.
| Company Deal | Chevron Overseas Finance Company: $50,000,000 5% guaranteed sinking fund debentures due February 1, 1988 |
|---|---|
| Transaction Type | Debentures |
| Deal Description | Chevron Overseas Finance Company, a wholly owned subsidiary of Standard Oil Company, used the proceeds from the sale to provide capitalization funds for Chevron to invest in foreign subsidiaries of Standard Oil Company, as well as in other foreign companies. The company temporarily invested the proceeds from this transaction until permanent investments could be made. It was intended that the business of the company be so conducted that more than 80% of its income would be derived from sources outside of the United States. |