Lehman Brothers Collection - Contemporary Business Archives

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Lehman Brothers Collection

Twentieth-Century Business Archives

Eastern Air Lines Incorporated Deal - Lehman Brothers Collection

Eastern Air Lines Incorporated

Company Dealunderwritten redemption of 8% convertible subordinated debentures due January 15, 1995
Transaction TypeConvertible Subordinated Debentures
Deal DescriptionOn April 28, 1971, Eastern Air Lines Incorporated called for redemption on May 28, 1971 of all of its outstanding 8% convertible subordinated debentures due January 15, 1995. The debenture holders had the right to convert the debentures into common stock of the company up to, but not after, the close of business on May 24, 1971.
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