| Deal Description | Eastern Air Lines Incorporated received none of the proceeds from this transaction. In November 1963, the company issued and sold $22,000,000 prinicpal amount of 5 3/8% convertible junior subordinated notes due December 1, 1983. In accordance with the terms of such notes, the entire outstanding principal amount thereof was exchanged as of June 1, 1965 for $22,000,000 principal amount of the company's 5 3/8% convertible junior subordinated debentures due December 1, 1983. The $12,000,000 principal amount of debentures offered hereby was being sold by certain selling debenture holders. The group of selling debenture holders consisted of American General Life Insurance Company of Delaware; Broad Street Investing Corporation; Connecticut General Life Insurance Company; Investors Diversified Services, Inc.; Investors Variable Payment Fund, Inc.; American Electric Power System Retirement Trust; Irving Trust Company as trustee of various pension or profit-sharing trusts; National Aviation Corporation; Security Trust Company of Rochester as trustee of various pension funds and as agent for four principals; Sid W. Richardson Foundation; Tri-Continental Corporation; Tri-Continental Financial Corporation; and Wisconsin Alumni Research Foundation. |
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