General Foods Corporation
| Company Deal | $35,000,000 3 3/8% debentures due July 1, 1976 |
|---|---|
| Transaction Type | Debentures |
| Deal Description | General Foods Corporation added the proceeds from this transaction to its general funds, which were available for general corporate purposes, including the carrying of increased inventories and receivables resulting from the growth of the business and generally higher price levels, and plant and equipment replacements and additions. A portion of the proceeds was also used to repay short-term borrowings. |