| Deal Description | Inland Steel Company added the net proceeds from this transaction to its general funds, to be available for general corporate purposes, including capital expenditures, for additions to the property, plant and equipment and the replacement of internally generated funds and repayment of any short-term indebtedness that may have been incurred by the company in connection with the retirement of $49,800,000 principal amount of its first mortgage bonds, series N, at their maturity on April 15, 1974. |
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