Ekco Products Company
| Company Deal | 4.60% sinking fund debentures |
|---|---|
| Transaction Type | Sinking Fund Debentures |
| Deal Description | Ekco Products Company added the net proceeds from this transaction to its general funds. A portion of such funds was used to retire the company's 3 5/8% note and its 4% note. Another portion was used to prepay short-term bank borrowings. The balance of the proceeds was made available for working capital and other corporate purposes. The borrowings were made to reimburse the company's treasury with a portion of the funds used in the purchase of the remaining 50% interest in Ekco Containers, Inc. |