Federated Department Stores, Inc.
| Company Deal | $50,000,000 7 1/8% sinking fund debentures due March 15, 2002 |
|---|---|
| Transaction Type | Sinking Fund Debentures |
| Deal Description | Federated Department Stores, Inc., added the net proceeds from this transaction to its general funds, which were available for corporate purposes. The company applied a portion of the proceeds to the reduction of short-term indebtedness. Proceeds of such short-term loans were used principally to finance working capital requirements, property and equipment purchases, and the acquisition of other assets. |