Lehman Brothers Collection - Contemporary Business Archives

Harvard Business School Baker Library Historical Collections

Lehman Brothers Collection

Twentieth-Century Business Archives

Gulf States Utilities Company Deal - Lehman Brothers Collection

Gulf States Utilities Company

Company Deal$15,000,000 first mortgage bonds 4 1/4% series due 1986 and 100,000 shares common stock
Transaction TypeFirst Mortgage Bonds / Common Stock
Deal DescriptionGulf States Utilities Company used the aggregate net proceeds from these transactions to pay off $18,000,000 of short-term notes issued to provide funds for construction purposes. Any balance was added to the general corporate funds. Estimates of future load growth necssitated the continuation of the company's construction program. Orders were placed for three 100,000 kw generating units with necessary boiler capacity.
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