United Nuclear Corporation
| Company Deal | 5% convertible subordinated debentures, due February 1, 1988 |
|---|---|
| Transaction Type | Convertible Subordinated Debentures |
| Deal Description | United Nuclear Corporation used the proceeds from this transaction to repay indebtedness to the Chase Manhattan Bank, N.A. and to Commonwealth Edison Company. Any balance of the proceeds was used for company capital expenditures, which included development and construction at the company's properties in the Church Rock area near Gallup, New Mexico. At Church Rock, the Company was developing a uranium mine and planned to construct a uranium-concentrating mill. |