W. T. Grant Company
| Company Deal | $35,000,000 4 3/4% sinking fund debentures due January 1, 1987 |
|---|---|
| Transaction Type | Sinking Fund Debentures |
| Deal Description | W. T. Grant Company added the net proceeds from this transaction to its general funds. The funds were used for additional inventory and other working capital requirements, including such requirements resulting from further store expansion. The Company's expansion program was directed at that time principally to new shopping center stores so as to take advantage of the growth of the suburban market. |