Lehman Brothers Collection - Contemporary Business Archives

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Lehman Brothers Collection

Twentieth-Century Business Archives

Digital Equipment Corporation Deal - Lehman Brothers Collection

Digital Equipment Corporation

Company Dealoffering of 750,000 shares of common stock
Transaction TypeCommon Stock
Deal DescriptionDigital Equipment Corporation used the net proceeds from this transaction to repay the company's outstanding domestic bank debt. The balance of the proceeds was added to working capital and used to finance receivables and inventories and, to a lesser extent, to finance property, plant, and equipment for other general corporate purposes. The proceeds of the domestic bank borrowings were used for additional working capital to finance the company's property, plant, and equipment expansion and its increased volume of business.
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