Lehman Brothers Collection - Contemporary Business Archives

Harvard Business School Baker Library Historical Collections

Lehman Brothers Collection

Twentieth-Century Business Archives

Langfitt Shipping Corporation Deal - Lehman Brothers Collection

Langfitt Shipping Corporation

Company Deal$21,856,000 U. S. Government Insured Merchant Marine Bonds Brooklyn issue, series A; $5,470,000 serial bonds due 1973-1976; $16,386,000 7.05% sinking fund bonds due January 1, 1993
Transaction TypeSinking Fund Bonds / Serial Bonds
Deal DescriptionLangfitt Shipping Corporation used the proceeds from this transaction to finance a portion of the cost of constructing a new 225,000 deadweight ton steam turbine bulk oil tanker. The vessel was constructed by Seatrain Shipbuilding Corporation, a subsidiary of Seatrain Lines, Inc. (Langfitt's parent company).
Harvard Business School Harvard Business School Baker Library Histrorical Collections