MCA Inc.
| Company Deal | sale of 400,000 shares of common stock |
|---|---|
| Transaction Type | Common Stock |
| Deal Description | MCA Inc. applied a portion of the net proceeds from this transaction to the reduction of its short-term bank indebtedness. The balance of the proceeds was added to the company's working capital. The short-term indebtedness was incurred to finance the acquisition of and additions to production facilities at Revue Studios, Universal City, California. |