Lehman Brothers Collection - Contemporary Business Archives

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Lehman Brothers Collection

Twentieth-Century Business Archives

Arnaud Pellets Deal - Lehman Brothers Collection

Arnaud Pellets

Company Deal5 1/8% first mortgage bonds of Wabush Pellet Company, 3 volumes
Transaction TypeFirst Mortgage Bonds
Deal DescriptionWabush Pellet Company offered bonds to the following institutional purchasers: Metropolitan Life Insurance Company, the Prudential Insurance Company of America, the Equitable Life Assurance Society of the United States, and Sun Life Assurance Company of Canada. Proceeds from this borrowing were to be applied to the capital of the Arnaud Pellet Joint Venture, an unincorporated joint venture of Wabush Pellet Company, Stelco, and Dofasco. Stelco and Dofasco opted to raise capital funds from their own company funds. The bonds were due on January 2, 1991.
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