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 Deal$7,500,000 5 1/2% convertible subordinated debentures due August 1, 1980
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 company expected to use a portion of the proceeds to finance increased inventory requirements and accounts receivable and accompanying increases in production and sales. The balance was expected to finance expansion of the company's warehouse and other distribution facilities. A portion of the proceeds was also to be used temporarily to reduce the company's borrowings under its unsecured lines of credit from banks.
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