Interlake, Inc.
| Company Deal | $50,000,000 8.80% debentures due August 1, 1996 |
|---|---|
| Transaction Type | Debentures |
| Deal Description | Interlake, Inc., used the net proceeds from this transaction to repay bank loans incurred under a credit agreement dated August 12, 1968. The balance of funds was used to reduce certain bank borrowings under a credit agreement dated April 23, 1971. A portion of such borrowings was incurred to repurchase 402,877 shares of its common stock from Diamond Shamrock Corporation. |