Lehman Brothers Collection - Contemporary Business Archives

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Lehman Brothers Collection

Twentieth-Century Business Archives

Cuyamel Fruit Company Deal - Lehman Brothers Collection

Cuyamel Fruit Company

Company Dealfirst mortgage 15-year 6% sinking fund gold bonds, additional issue of capital stock
Transaction TypeSinking Fund Gold Bonds / Capital Stock
Deal DescriptionCuyamel 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.
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