Monogram Industries, Inc.
| Company Deal | $25,000,000 4% convertible subordinated debentures due September 1, 1992 |
|---|---|
| Transaction Type | Convertible Subordinated Debentures |
| Deal Description | Monogram Industries, Inc., applied the net proceeds from this transaction to the retirement of outstanding short-term bank loans. Such loans were incurred to provide funds for the acquisition of the shares of National Screw & Manufacturing Company. The balance of the proceeds was added to the company's working capital. |