Lehman Brothers Collection - Contemporary Business Archives

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Lehman Brothers Collection

Twentieth-Century Business Archives

Maryland Cup Corporation Deal - Lehman Brothers Collection

Maryland Cup Corporation

Company Deal5.80% sinking fund debentures due February 1, 1992; 4 1/4% convertible subordinated debentures due February 1, 1992
Transaction TypeSinking Fund Debentures / Convertible Subordinated Debentures
Deal DescriptionMaryland Cup Corporation applied the net proceeds of this transaction principally to the financing of its plant expansion program. Initially, $4,000,000 was applied to the prepayment of the company's 6% notes due January 1, 1969, incurred also for the same purpose, and $10,150,000 to the repayment of bank indebtedness incurred for working capital purposes.
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