Harvey Aluminum (Incorporated)
| Company Deal | $50,000,000 9 3/8% sinking fund debentures due 1996 and subscription offer 1,321,420 shares of common stock |
|---|---|
| Transaction Type | Sinking Fund Debentures / Common Stock |
| Deal Description | Harvey Aluminum (Incorporated) used the net proceeds from this transaction to repay borrowings under one revolving credit agreement, and to reduce borrowings under another revolving credit agreement. Such borrowings were incurred for working capital purposes and for the purpose of defraying a portion of the construction costs of the company's new reduction plant located near the John Day Dam in the state of Washington. |