Lehman Brothers Collection - Contemporary Business Archives

Harvard Business School Baker Library Historical Collections

Lehman Brothers Collection

Twentieth-Century Business Archives

Industrial Rayon Corporation Deal - Lehman Brothers Collection

Industrial Rayon Corporation

Company Dealpreferred stock financing
Transaction TypePreferred Stock
Deal DescriptionIndustrial Rayon Corporation applied the net proceeds from this transaction to the retirement of its promissory notes to banks. Such notes were issued to retire notes of the company and to finance in part an expansion program. The retirement of the promissory notes discaharged all of the company's outstanding long-term debt at that time.
Harvard Business School Harvard Business School Baker Library Histrorical Collections