Lehman Brothers Collection - Contemporary Business Archives

Harvard Business School Baker Library Historical Collections

Lehman Brothers Collection

Twentieth-Century Business Archives

Economics Laboratory, Inc. Deal - Lehman Brothers Collection

Economics Laboratory, Inc.

Company Deal$20,000,000 principal amount 5 1/8% convertible subordinated debentures due 1991
Transaction TypeConvertible Subordinated Debentures
Deal DescriptionEconomics Laboratory, Inc., used a portion of the net proceeds from this transaction to repay certain notes payable evidencing bank borrowings primarily incurred to finance capital expenditures. The remaining proceeds were added to the general funds of the company and were available for general corporate purposes, including new construction, plant improvements or additions, possible future acquisitions, and increases in working capital.
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