Lehman Brothers Collection - Contemporary Business Archives

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Lehman Brothers Collection

Twentieth-Century Business Archives

The Dayton Rubber Company Deal - Lehman Brothers Collection

The Dayton Rubber Company

Company Deal5 1/4% convertible subordinated debentures
Transaction TypeConvertible Subordinated Debentures
Deal DescriptionThe Dayton Rubber Company added the net proceeds from this transaction to its working capital, to be available for any proper corporate purpose. The additional working capital was required to finance increased inventory requirements and accounts receivable accompanying the increases in production and sales then experienced and to finance anticipated increased volumes in foam rubber latex and chemical and plastics products. A portion of the proceeds was used temporarily to reduce borrowings under the bank credit agreements, which were arranged to finance seasonal inventory and receivables peaks.
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