Clark Equipment Co.
| Company Deal | Clark Equipment Company: $50,000,000 9 5/8% sinking fund debentures due 1999; $50,000,000 9% notes due 1982 |
|---|---|
| Transaction Type | Sinking Fund Debentures / Notes |
| Deal Description | Clark Equipment Company applied the net proceeds from this transaction to the reduction of indebtedness outstanding under the company's domestic revolving credit agreements. Amounts borrowed under such revolving credit agreements, together with internally generated funds, were used for increased working capital requirements and for capital expenditures to expand and modernize plant facilities and provide equipment and tooling. |