General Cigar Co., Inc.
| Company Deal | public offering of 550,000 shares of common stock |
|---|---|
| Transaction Type | Common Stock |
| Deal Description | General Cigar Co., Inc., used a portion of the proceeds from this transaction to reduce the outstanding indebtedness of its subsidiary, Metropolitan Tobacco Company, Inc. The indebtedness was incurred in connection with the acquisition of Ex-Lax. The balance of the proceeds was used to reduce the company's outstanding short-term debt under its credit agreement. |