Textron Inc.
| Company Deal | $75,000,000 8 1/2% notes due 1980 |
|---|---|
| Transaction Type | Notes / Sinking Fund Debentures |
| Deal Description | Textron Inc. used the net proceeds from this transaction for the repayment of an outstanding $77.5 million term loan, which was incurred in 1974 to reduce short- term debt that provided funds for general corporate purposes, including the financing of an increased investment in inventories and a portion of the company's capital expenditures. |