Tide Water Associated Oil Company
| Company Deal | financing |
|---|---|
| Transaction Type | Sinking Fund Debentures / Cumulative Convertible Preferred Stock |
| Deal Description | Tide Water Associated Oil Company used the net proceeds from this transaction to prepay promissory notes held by certain banking institutions. A portion of the proceeds was also used to prepay a promissory note held by the First National Bank of the City of New York. The balance of the proceeds was used to reimburse the company for cash payments made pursuant to the exchange offer. |