R. H. Macy & Co., Inc. Deal - Lehman Brothers Collection
R. H. Macy & Co., Inc.
|Company Deal||redemption of 7% cumulative preferred stock; issue of 5 1/4% serial gold debenture bonds|
|Transaction Type||Serial Gold Debentures Bonds|
|Deal Description||R. 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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