Lehman Brothers Collection - Contemporary Business Archives

Harvard Business School Baker Library Historical Collections

Lehman Brothers Collection

Twentieth-Century Business Archives

Eastern Air Lines Incorporated Deal - Lehman Brothers Collection

Eastern Air Lines Incorporated

Company DealEastern Air Lines, Inc.: underwritten registered secondary common stock offering 419,825 shares of common stock
Transaction TypeCommon Stock
Deal DescriptionEastern Air Lines Incorporated received none of the proceeds from this transaction. The shares offered in this deal were obtained by the underwriters through conversion of $15,000,000 aggregate principal amount of the company's 5% convertible subordinated promissory notes due December 1, 1978. These notes represent a subdivision of the notes held by the Prudential Insurance Company of America, and were purchased by the underwriters, severally, from Prudential.
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