Lehman Brothers Collection - Contemporary Business Archives

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Lehman Brothers Collection

Twentieth-Century Business Archives

Universal Oil Products Company Deal - Lehman Brothers Collection

Universal Oil Products Company

Company Deal$25,000,000 6 5/8% sinking fund debentures due May 1, 1993
Transaction TypeSinking Fund Debentures
Deal DescriptionUniversal Oil Products Company applied the net proceeds from this transaction to the retirement of bank borrowings outstanding under the 5 1/2%-6% interim credit notes payable December 31, 1968, which were incurred for acquisitions, capital expenditures, and expanding working capital requirements. The remaining proceeds were added to the company's general funds and used for general corporate purposes. Capital expenditures in 1967 included plant and equipment additions.
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