Lehman Brothers Collection - Contemporary Business Archives

Harvard Business School Baker Library Historical Collections

Lehman Brothers Collection

Twentieth-Century Business Archives

Chemical New York Corp. Deal - Lehman Brothers Collection

Chemical New York Corp.

Company DealChemical New York Corporation: $75,000,000 principal amount 6 5/8% notes due 1980
Transaction TypeNotes
Deal DescriptionChemical New York Corporation made a major portion of the net proceeds from this transaction available to the Chemical Bank by way of subordinated loans or capital contributions or a combination thereof for use in the operation of its banking business as required. The funds so obtained by the bank were used in connection with the bank's lending and other activities. The remainder of such net proceeds was retained by the company for investments in or extensions of credit to (or a combination thereof) other existing and future banking and non-banking subsidiaries.
Harvard Business School Harvard Business School Baker Library Histrorical Collections