Eastern Air Lines Incorporated
| Company Deal | Eastern Air Lines, Inc.: underwritten registered secondary common stock offering 419,825 shares of common stock |
|---|---|
| Transaction Type | Common Stock |
| Deal Description | Eastern Air Lines Incorporated received none of the proceeds from this transaction. The shares offered in this deal were obtained by the underwriters through conversion of $15,000,000 aggregate principal amount of the company's 5% convertible subordinated promissory notes due December 1, 1978. These notes represent a subdivision of the notes held by the Prudential Insurance Company of America, and were purchased by the underwriters, severally, from Prudential. |