Lehman Brothers Collection - Contemporary Business Archives

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Lehman Brothers Collection

Twentieth-Century Business Archives

Chevron Overseas Finance Co. Deal - Lehman Brothers Collection

Chevron Overseas Finance Co.

Company DealChevron Overseas Finance Company: $25,000,000 7% guaranteed sinking fund debentures due February 1, 1980
Transaction TypeDebentures
Deal DescriptionChevron 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.
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