Lehman Brothers Collection - Contemporary Business Archives

Harvard Business School Baker Library Historical Collections

Lehman Brothers Collection

Twentieth-Century Business Archives

FMC Corporation Deal - Lehman Brothers Collection

FMC Corporation

Company Deal$100,000,000 4 1/4% convertible subordinated debentures due July 15, 1992
Transaction TypeConvertible Subordinated Debentures
Deal DescriptionFMC Corporation used the net proceeds from this transaction to repay a portion of its indebtedness represented by short-term commerical paper and indebtedness to banks. The company's short-term indebtedness was incurred in connection with the purchase during March, 1967, of 1,215,614 shares of Link-Belt common stock. The balance of the indebtedness was incurred for general corporate purposes, including facilities expansion and financing increased inventories and receivables.
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