Lehman Brothers Collection - Contemporary Business Archives

Harvard Business School Baker Library Historical Collections

Lehman Brothers Collection

Twentieth-Century Business Archives

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 TypeSenior Debentures
Deal DescriptionAvco 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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