Reeves Brothers, Inc.
| Company Deal | $12,500,000 4% convertible subordinated debentures |
|---|---|
| Transaction Type | Convertible Subordinated Debentures |
| Deal Description | Reeves Brothers, Inc., used a portion of the net proceeds from this transaction to reduce its short-term borrowings. Such borrowings were largely incurred to finance seasonal needs and expansion of the company's business. The balance was added to the company's general funds, to be used for capital expenditures. |