Digital Equipment Corporation
| Company Deal | offering of 250,000 shares of common stock |
|---|---|
| Transaction Type | Common Stock |
| Deal Description | Digital Equipment Corporation used the net proceeds from this transaction to repay its outstanding notes payable to banks. The balance of the proceeds was added to working capital and used to finance receivables and inventories, to finance plant facilities and equipment, and for other general corporate purposes. The proceeds of the notes payable to banks were used for additional working capital to finance the company's increased volume of business. |