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 Type | Sinking Fund Debentures / Notes |
| Deal Description | Minnesota 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. |