Lehman Brothers Collection - Contemporary Business Archives

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Lehman Brothers Collection

Twentieth-Century Business Archives

Monterey Oil Company Deal - Lehman Brothers Collection

Monterey Oil Company

Company Deal339,733 shares common stock
Transaction TypeCommon Stock
Deal DescriptionMonterey Oil Company used the net proceeds from this transaction to prepay in full its bank indebtedness under a revolving credit agreement. The proceeds of the bank loan were used to acquire property from B-L and Associates, Inc. The properties in the acquisition included eight leases in Scurry and Upton Counties, Texas.
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