Continental Baking Co.
| Company Deal | Continental Baking Company: $13,000,000 3 5/8% subordinated debentures due March 1, 1980 |
|---|---|
| Transaction Type | Subordinated Debentures |
| Deal Description | Continental Baking Company applied the net proceeds from this transaction toward the redemption by lot at $105 per share of a portion of the outstanding shares of $5.50 dividend cumulative preferred stock of the company. Any additional funds required for such redemption, as well as the amount of the dividends on the redeemed shares to the redemption date, were supplied from the company's general funds. |