Lehman Brothers Collection - Contemporary Business Archives

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Lehman Brothers Collection

Twentieth-Century Business Archives

ITT Rayonier Incorporated Deal - Lehman Brothers Collection

ITT Rayonier Incorporated

Company Deal$50,000,000 principal amount of 8% debentures due November 15, 1996
Transaction TypeDebentures
Deal DescriptionITT Rayonier Incorporated used the net proceeds from this transaction in part to pay amounts due to banks incurred to finance the construction of an additional wood pulp manufacturing unit at the company's mill in Jesup, Georgia, construction of which commenced in early 1971. The balance of the proceeds was applied toward the construction of such unit, and pending such application was invested in short-term obligations.
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