Lehman Brothers Collection - Contemporary Business Archives

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Lehman Brothers Collection

Twentieth-Century Business Archives

The Detroit Edison Company Deal - Lehman Brothers Collection

The Detroit Edison Company

Company Deal$75,000,000 general and refunding mortgage bonds series T, 9% due December 1, 1999
Transaction TypeGeneral and Refunding Mortgage Bonds
Deal DescriptionThe Detroit Edison Company used the net proceeds from this transaction in connection with its construction program, including the repayment of short-term borrowings and commercial paper incurred primarily in connection with the interim financing of construction. Construction expenditures in 1969 through 1975 for power plants, transmission and distribution facilities, and other property additions were expected to aggregate $2.2 billion.
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