Sutherland Paper Company
| Company Deal | sale of 4.40% cumulative preferred stock; sale of 3 1/2% notes; redemption of 4 1/4% cumulative preferred stock |
|---|---|
| Transaction Type | Cumulative Convertible Preferred Stock |
| Deal Description | Sutherland Paper Company added the net proceeds from this transaction to its working capital, to be available for uses as the Board of Directors determined. The company required additional working capital because of the substantial growth of its business during 1950 and 1951 and the increase in the cost of doing business. |