Lehman Brothers Collection - Contemporary Business Archives

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Lehman Brothers Collection

Twentieth-Century Business Archives

Ekco Products Company Deal - Lehman Brothers Collection

Ekco Products Company

Company Deal4.60% sinking fund debentures
Transaction TypeSinking Fund Debentures
Deal DescriptionEkco 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.
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