The Flintkote Company
| Company Deal | public offering of $40,000,000 8 1/4% sinking fund debentures due July 15, 1996 |
|---|---|
| Transaction Type | Sinking Fund Debentures |
| Deal Description | The Flintkote Company used the net proceeds from this transaction for the repayment of short-term borrowings. Such borrowings were used for additions to the company's plants and facilities and for seasonal working capital. Generally, the company's working capital requirements reached a seasonal high in the third quarter of the year. |