Digital Equipment Corporation
| Company Deal | offering of 500,000 shares of common stock |
|---|---|
| Transaction Type | Common Stock |
| Deal Description | Digital Equipment Corporation used the net proceeds from this transaction to repay its outstanding domestic bank loans. The balance of the proceeds was added to working capital and was used to finance receivables and inventories, to finance plant facilities and equipment, and for other general corporate purposes. The proceeds of the domestic bank loans were used for additional working capital to finance the company's increased volume of business. |