ITT Continental Baking Company
| Company Deal | $40,000,000 9 3/4% sinking fund debentures, due June 15, 1995 |
|---|---|
| Transaction Type | Senior Sinking Fund Debentures |
| Deal Description | ITT Continental Baking Company added the net proceeds from this transaction to its general funds, which were to be used to repay outstanding short-term borrowings and to finance a continuing capital expenditure program. The short-term borrowings were incurred principally to finance expenditures for the construction and improvement of production and distribution facilities and to repay a term loan. |