Lehman Brothers Collection - Contemporary Business Archives

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Lehman Brothers Collection

Twentieth-Century Business Archives

Philip Morris & Co. Ltd., Incorporated Deal - Lehman Brothers Collection

Philip Morris & Co. Ltd., Incorporated

Company Dealcumulative preferred stock 3.60% series 20-year 2 1/2% debentures due February 1, 1966 (not issued)
Transaction TypeCumulative Preferred Stock
Deal DescriptionPhilip 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.
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