Lehman Brothers Collection - Contemporary Business Archives

Harvard Business School Baker Library Historical Collections

Lehman Brothers Collection

Twentieth-Century Business Archives

Acme Markets, Inc. Deal - Lehman Brothers Collection

Acme Markets, Inc.

Company Deal$25,000,000 9 7/8% sinking fund debentures due August 1, 1990
Transaction Typesinking fund debentures
Deal DescriptionAcme Markets, Inc., added the proceeds received from the sale of debentures to the general funds of the company and used the proceeds to reduce short-term debt. The debt was incurred for capital expenditures and working capital requirements. The company anticipated the same continuing expenditures and expected to continue making short-term borrowings as needed; future needs for additional funds could also be met by sale of leaseback financings, long-term borrowings, and other sources.
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