Pet Incorporated
| Company Deal | $35,000,000 8% sinking fund debentures due March 1, 1991 |
|---|---|
| Transaction Type | Sinking Fund Debentures |
| Deal Description | Pet Incorporated used the net proceeds from this transaction to prepay domestic short-term bank loans and retire commercial paper borrowings at maturity. Such borrowings were incurred primarily to finance capital expenditures and to provide working captial expansion, capital asset additions, and for other corporate purposes. |