Pan American Sulphur Company
| Company Deal | 5% subordinated income debentures |
|---|---|
| Transaction Type | Subordinated Income Debentures |
| Deal Description | Pan American Sulphur Company used a portion of the net proceeds from this transaction for the payment of interest on the debentures to April 1, 1956. The remaining proceeds were added to working capital. The company proposed to use the increased working capital, to the extent necessary, for operations during the period of development of its sales program. |