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. |