Lehman Brothers Collection - Contemporary Business Archives

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Lehman Brothers Collection

Twentieth-Century Business Archives

Minnesota Mining and Manufacturing Company Deal - Lehman Brothers Collection

Minnesota Mining and Manufacturing Company

Company Deal$150,000,000 8.85% sinking fund debentures due April 1, 2005; $150,000,000 8.20% notes due April 1, 1985
Transaction TypeSinking Fund Debentures / Notes
Deal DescriptionMinnesota Mining and Manufacturing Company used the net proceeds from this transaction to repay existing short-term indebtedness in the United States. The balance was used for general corporate purposes, including working capital and capital expenditures. Proceeds from short-term borrowings were used primarily for working capital purposes, including the financing of inventories.
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