Lehman Brothers Collection - Contemporary Business Archives

Harvard Business School Baker Library Historical Collections

Lehman Brothers Collection

Twentieth-Century Business Archives

Diamond Shamrock Corporation Deal - Lehman Brothers Collection

Diamond Shamrock Corporation

Company Deal$45,000,000 7 3/4% sinking fund debentures due 1994
Transaction TypeSinking Fund Debentures
Deal DescriptionDiamond Shamrock Corporation used a portion of the proceeds from this transaction to retire certain of its bank borrowings, which were incurred over the previous four years to finance capital expenditures, including an oil and gas development program, vessel purchases and construction, the purchase of a polypropylene plant, and the construction of other manufacturing facilities. The balance of the proceeds was added to the company's general funds to be available for the reduction of borrowings, increased working capital required by the company's expanded operations, capital expenditures, and other corporate purposes.
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