New Jersey Power & Light Company
| Company Deal | issuance and sale of $7,500,000 first mortgage bonds 4 1/8% series due 1988 |
|---|---|
| Transaction Type | First Mortgage Bonds |
| Deal Description | New Jersey Power & Light Company used the net proceeds from this transaction to pay short-term bank loans outstanding. The proceeds of such loans were used to reimburse the company's treasury either for expenditures therefrom for construction purposes or for the repayment of bank loans that were incurred for construction purposes. |