Lehman Brothers Collection - Contemporary Business Archives

Harvard Business School Baker Library Historical Collections

Lehman Brothers Collection

Twentieth-Century Business Archives

Inter-Continental Hotels Overseas N.V. Deal - Lehman Brothers Collection

Inter-Continental Hotels Overseas N.V.

Company Deal7% guaranteed debentures due 1986 (convertible on and after March 20, 1972 into capital stock of Pan American World Airways, Inc., and guaranteed by Inter-Continental Hotels Corporation)
Transaction TypeGuaranteed Debentures
Deal DescriptionInter-Continental Hotels Overseas N. V. used the net proceeds from this transaction as working capital, for retiring short-term indebtedness, and for capital expenditures in connection with the company's expansion program. The company had plans for the construction of new hotels, expansion of existing hotel properties, and increasing its ownership in hotel-owning companies.
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