Lehman Brothers Collection - Contemporary Business Archives

Harvard Business School Baker Library Historical Collections

Lehman Brothers Collection

Twentieth-Century Business Archives

Metropolitan Broadcasting Corporation Deal - Lehman Brothers Collection

Metropolitan Broadcasting Corporation

Company Dealoffering of $6,000,000 principal amount of 6% convertible subordinated debentures due 1975
Transaction TypeConvertible Subordinated Debentures
Deal DescriptionMetropolitan Broadcasting Corporation used the net proceeds from this transaction to repay a temporary bank loan incurred by the company to provide a portion of the funds for its recent and pending acquisitions. The balance of the net proceeds was added to the company's general funds. The company planned to use such funds, together with other loans, for its recent and pending acquisitions and additional working capital needed as a result of the concomitant expansion of its business.
Harvard Business School Harvard Business School Baker Library Histrorical Collections