Lehman Brothers Collection - Contemporary Business Archives

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Lehman Brothers Collection

Twentieth-Century Business Archives

Home Oil Company Limited Deal - Lehman Brothers Collection

Home Oil Company Limited

Company Deal6% convertible subordinated debentures due January 15, 1975
Transaction TypeConvertible Subordinated Debentures
Deal DescriptionHome Oil Company Limited added the net proceeds from this transaction to its general funds, and they were available for retirement in part of bank loans, for meeting investment and capital expenditures, and for other general corporate purposes. The company's capital expenditures since 1957 included investments in Trans-Canada Pipe Lines Limited, oil pipeline investments, gas- processing plants and gathering systems, and acquisitions of oil and gas properties.
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