Systems Engineering Laboratories, Incorporated
| Company Deal | 129,000 shares common stock |
|---|---|
| Transaction Type | Common Stock |
| Deal Description | Systems Engineering Laboratories, Incorporated added the net proceeds from this transaction to its general funds. From such funds, the company paid borrowings outstanding under its revolving credit agreements. These borrowings were incurred for working capital purposes. The company also used the general funds to pay an outstanding principal amount of subordinated debentures and of its 8% mortgage note. The balance of the funds was added to the company's working capital. |