Cuyamel Fruit Company
| Company Deal | first mortgage 15-year 6% sinking fund gold bonds, additional issue of capital stock |
|---|---|
| Transaction Type | Sinking Fund Gold Bonds / Capital Stock |
| Deal Description | Cuyamel Fruit Company used a portion of the proceeds from this transaction to retire its outstanding first mortgage 7 1/2% bonds. The company used another portion of the proceeds to pay off $2,000,000 in connection with the acquisition of the large tract of Ulua lands in the Republic of Honduras. Finally, it used a portion of the proceeds to retire all banking indebtedness and to increase working capital. |