Philip Morris & Co. Ltd., Incorporated
| Company Deal | issue of cumulative preferred stock, 4 1/4% series |
|---|---|
| Transaction Type | Cumulative Preferred Stock |
| Deal Description | Philip Morris & Co. Ltd., Incorporated, applied the net proceeds from this transaction to the payment of its bank loans. The balance was applied to the construction of a new building and the purchase and installation of new machinery and equipment. |