General American Transportation Corporation
| Company Deal | 6.95% equipment trust certificates (series 65) |
|---|---|
| Transaction Type | Equipment Trust Certificates |
| Deal Description | General American Transportation Corporation used the net proceeds from this transaction to reimburse the treasury of the corporation for the cost of the cars subjected to the agreement under which the certificates were issued. The corporation contemplated for 1968 the expenditure of a minimum of approximately $46,000,000 for additions to its fleet of specialized railroad freight cars. Funds required for such expenditures were provided from the treasury of the corporation. |