Arkansas Power & Light Co. Deal - Lehman Brothers Collection
Arkansas Power & Light Co.
|Company Deal||Arkansas Power & Light Company: issuance and sale of $8,700,000 principal amount of first mortgage bonds 2 7/8% series due 1979|
|Transaction Type||First Mortgage Bonds|
|Deal Description||Arkansas Power & Light Company expected to use the proceeds from this deal to reimburse the company for funds already used for the acquisition of property or the construction, extension, or improvement of its facilities in connection with its construction program. Any additional proceeds were to be used for the construction of new facilities, for the extension and improvement of facilities, and for other corporate purposes. The company's construction plan included the completion of a new generating station, the start of construction on another generating station, a gas-distribution system, and supplementary construction on an electric transmission and distribution system. The notes became due on October 1, 1979.|
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