Philip Morris & Co. Ltd., Incorporated
| Company Deal | cumulative preferred stock 3.60% series 20-year 2 1/2% debentures due February 1, 1966 (not issued) |
|---|---|
| Transaction Type | Cumulative Preferred Stock |
| Deal Description | Philip Morris & Co. Ltd., Incorporated, used the net proceeds from this transaction to reduce its bank loans. The proceeds from the loans were added to the company's cash balances and were used to finance in part the increase in its cash requirements. |