Federated Department Stores, Inc. Deal - Lehman Brothers Collection
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.|
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