Lehman Brothers Collection - Contemporary Business Archives

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Lehman Brothers Collection

Twentieth-Century Business Archives

Monterey Oil Company Deal - Lehman Brothers Collection

Monterey Oil Company

Company Dealacquisition of assets of Fullerton Oil & Gas Corporation and sale of notes
Transaction TypeNotes / Acquisition of Assets
Deal DescriptionIn this deal, Monterey Oil Company acquired the assets of Fullerton Oil & Gas Corporation. The company used a portion of the proceeds from this transaction to reduce its unsecured indebtedness to banks, incurred in connection with the purchase of the Fullerton Delaware assets. The balance was used for general corporate purposes.
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