Lehman Brothers Collection - Contemporary Business Archives

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Lehman Brothers Collection

Twentieth-Century Business Archives

General American Transportation Corporation Deal - Lehman Brothers Collection

General American Transportation Corporation

Company Deal$60,000,000 equipment trust certificates (series 74)
Transaction TypeEquipment Trust Certificates
Deal DescriptionGeneral American Transportation Corporation used the net proceeds from this transaction to retire all commercial paper outstanding at the time the certificates were issued and to reimburse the company's treasury in part for the cost of the cars to be subject to the agreement under which the certificates were issued. At that time, the company was contemplating the expenditure of a minimum of approximately $40 million over the following twelve months for additions to its fleet of specialized railroad cars. Funds required for such expenditures were to be provided from the company's treasury.
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