The Kresge Foundation
| Company Deal | issue of $4,500,000 ten-year 3 1/2% collateral trust notes |
|---|---|
| Transaction Type | Collateral Trust Notes |
| Deal Description | The Kresge Foundation used the net proceeds from this transaction to pay in full bank loans that at that time stood as liens against the 450,000 shares of common stock of S. S. Kresge Company pledged by the foundation as security for this issue of notes. |