Avco Financial Services, Inc. Deal - Lehman Brothers Collection
Avco Financial Services, Inc.
|Company Deal||$50,000,000 7 5/8% senior debentures due December 1, 1992|
|Transaction Type||Senior Debentures|
|Deal Description||Avco Financial Services, Inc., added the net proceeds from this deal to the company's general funds to be used to reduce short-term borrowings. Since August 31, 1972, the company had incurred additional long-term indebtedness to banks and institutional investors in the aggregate amount of $26,000,000. The debentures matured on December 1, 1997.|
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