Daylin, Inc.
| Company Deal | 8.35% sinking fund debentures due April 15, 1997 |
|---|---|
| Transaction Type | Sinking Fund Debentures |
| Deal Description | Daylin, Inc., used a portion of the net proceeds from this transaction to repay outstanding revolving notes, incurred primarily to finance internal expansion and recent acquisitions. Plans for future corporate actions included development of eight additional home improvement centers and approximately 26 additional apparel shops and drug stores. The balance of the net proceeds was to be used to repay short-term bank indebtedness, which was incurred for seasonal operations and construction purposes. |