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 Deal$75,000,000 9 3/8% sinking fund debentures due March 15, 2000
Transaction TypeSinking Fund Debentures
Deal DescriptionDigital Equipment Corporation added a portion of the net proceeds from this transaction to its working capital, which was to be used to repay at maturity the company's outstanding domestic short-term indebtedness. The balance of the proceeds was used to finance property, plant and equipment, to finance accounts receivable and inventories, and for other general corporate purposes, all as was required to support the company's anticipated increase in business volume.
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