Maryland Cup Corporation
| Company Deal | 5.80% sinking fund debentures due February 1, 1992; 4 1/4% convertible subordinated debentures due February 1, 1992 |
|---|---|
| Transaction Type | Sinking Fund Debentures / Convertible Subordinated Debentures |
| Deal Description | Maryland Cup Corporation applied the net proceeds of this transaction principally to the financing of its plant expansion program. Initially, $4,000,000 was applied to the prepayment of the company's 6% notes due January 1, 1969, incurred also for the same purpose, and $10,150,000 to the repayment of bank indebtedness incurred for working capital purposes. |