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 Dealissuance of $60,000,000 equipment trust certificates
Transaction TypeEquipment Trust Certificates
Deal DescriptionGeneral American Transportation Corporation used the net proceeds from this transaction to retire short-term debt, which was incurred principally to finance the cost of the cars subject to the agreement under which the certificates were issued. The balance of such short-term debt was incurred to finance other capital expenditures, such as the expansion of terminal facilities. The company contemplated the expenditure of approximately $70 million over the following twelve months for additions to its fleet of specialized railroad freight cars. Funds required for such expenditures were provided from the company's treasury.
Harvard Business School Harvard Business School Baker Library Histrorical Collections