Economics Laboratory, Inc.
| Company Deal | $20,000,000 principal amount 5 1/8% convertible subordinated debentures due 1991 |
|---|---|
| Transaction Type | Convertible Subordinated Debentures |
| Deal Description | Economics 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. |