Peabody Galion Corporation
| Company Deal | 375,000 shares common stock (par value $.10 per share) |
|---|---|
| Transaction Type | Common Stock |
| Deal Description | Peabody Gailon Corporation used a portion of the net proceeds from this transaction to reduce its short-term bank loans and other notes, which were incurred primarily for working capital purposes, and long-term debt due within one year. The remainder of the proceeds was added to working capital and used for general corporate purposes, including the retirement of long-term debt and possible future acquisitions. |