FMC Corporation
| Company Deal | $100,000,000 4 1/4% convertible subordinated debentures due July 15, 1992 |
|---|---|
| Transaction Type | Convertible Subordinated Debentures |
| Deal Description | FMC 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. |