Lehman Brothers Collection - Contemporary Business Archives

Harvard Business School Baker Library Historical Collections

Lehman Brothers Collection

Twentieth-Century Business Archives

Penn Central Transportation Company Deal - Lehman Brothers Collection

Penn Central Transportation Company

Company Deal$100,000,000 trustees' certificates
Transaction TypeTrustees Certificates
Deal DescriptionPenn Central Transportation Company filed a petition for its reorganization that was approved, and following legal steps, the court authorized the issuance of the certificates by Trustees. The certificates were to be treated as an expense of administration and received the highest lien on the Penn Central's property and priority in payment under the Bankruptcy Act.
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