Greatamerica Corporation
| Company Deal | $65,000,000 4% convertible debentures due April 1, 1985 (convertible into outstanding shares of the Franklin Life Insurance Company beginning January 1, 1966) |
|---|---|
| Transaction Type | Convertible Debentures |
| Deal Description | Greatamerica Corporation used the net proceeds from this transaction to retire in full the 5 1/2% secured notes of the company due January 2, 1968, the 5% secured notes of the company due January 2, 1968, and the 5 1/2% secured notes of the company due January 2, 1966. Any remaining proceeds were to be available for general corporate purposes. |