Lehman Brothers Collection - Contemporary Business Archives

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Lehman Brothers Collection

Twentieth-Century Business Archives

Dart Industries, Inc. Deal - Lehman Brothers Collection

Dart Industries, Inc.

Company Dealpublic offering of $60,000,000 aggregate principal amount of 7 1/2% subordinated debentures due April 1, 1996
Transaction TypeSinking Fund Debentures
Deal DescriptionDart Industries, Inc., added the proceeds from this transaction to its general funds, to be used for general corporate purposes, including working capital and capital expenditures. Initially, a portion of the proceeds was used to reduce short-term debt in the United States. Other anticipated uses of the proceeds included the financing of expanding inventories and receivables and continued expansion of the company's newly formed land development business. The proceeds were also expected to reduce the necessity for short- term borrowings to meet the seasonal demands of the company's business.
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