Lehman Brothers Collection - Contemporary Business Archives

Harvard Business School Baker Library Historical Collections

Lehman Brothers Collection

Twentieth-Century Business Archives

General American Transportation Corporation Deal - Lehman Brothers Collection

General American Transportation Corporation

Company Deal$60,000,000 8.60% equipment trust certificates (series 67)
Transaction TypeEquipment Trust Certificates
Deal DescriptionGeneral American Transportation Corporation used the net proceeds from this transaction to repay notes payable to banks and others and to reimburse its treasury in part for the cost of the cars subject to the agreement under which the certificates were issued. The Corporation contemplated for the following year the expenditure of a minimum of approximately $50,000,000 for additions to its fleet of specialized railroad freight cars. Funds required for such expenditures were provided from the treasury of the corporation.
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