Lehman Brothers Collection - Contemporary Business Archives

Harvard Business School Baker Library Historical Collections

Lehman Brothers Collection

Twentieth-Century Business Archives

R. H. Macy & Co., Inc. Deal - Lehman Brothers Collection

R. H. Macy & Co., Inc.

Company Dealredemption of 7% cumulative preferred stock; issue of 5 1/4% serial gold debenture bonds
Transaction TypeSerial Gold Debentures Bonds
Deal DescriptionR. H. Macy & Co., Inc., used the proceeds from this transaction to redeem the $8,800,000 par value 7% cumulative preferred stock. The balance of cash necessary for this purpose was supplied by the company out of its accumulated earnings.
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