Lehman Brothers Collection - Contemporary Business Archives

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Lehman Brothers Collection

Twentieth-Century Business Archives

Marathon Oil Company Deal - Lehman Brothers Collection

Marathon Oil Company

Company Deal$90,000,000 4 3/8% sinking fund debentures due 1987
Transaction TypeSinking Fund Debentures
Deal DescriptionMarathon Oil Company added the net proceeds from this transaction to its general funds, to be available for general corporate purposes. Such purposes included the acquisition of assets of Plymouth Oil Company. Expenditures also included domestic production purposes, modernization and expansion of domestic refining facilities, and expansion of domestic marketing facilities, production, and transportation facilities in Libya and refining facilities in Western Europe.
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