Inter-Continental Hotels Overseas N.V. Deal - Lehman Brothers Collection
Inter-Continental Hotels Overseas N.V.
|Company Deal||7% guaranteed debentures due 1986 (convertible on and after March 20, 1972 into capital stock of Pan American World Airways, Inc., and guaranteed by Inter-Continental Hotels Corporation)|
|Transaction Type||Guaranteed Debentures|
|Deal Description||Inter-Continental Hotels Overseas N. V. used the net proceeds from this transaction as working capital, for retiring short-term indebtedness, and for capital expenditures in connection with the company's expansion program. The company had plans for the construction of new hotels, expansion of existing hotel properties, and increasing its ownership in hotel-owning companies.|
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