Lehman Brothers Collection - Contemporary Business Archives

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Lehman Brothers Collection

Twentieth-Century Business Archives

Gulf States Utilities Company Deal - Lehman Brothers Collection

Gulf States Utilities Company

Company Deal$25,000,000 first mortgage bonds 8 1/8% series A due 1999
Transaction TypeFirst Mortgage Bonds
Deal DescriptionGulf States Utilities Company used the net proceeds from this transaction to pay off a portion of its short-term notes due on or prior to December 31, 1969. The proceeds from such notes were used in connection with the company's construction program and for other corporate purposes. To meet anticipated growth, the company scheduled in the five-year period from 1969 through 1972 the installation of three 580,000 kilowatt and two 265,000 kilowatt units, as well as a new steam-electric installation.
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