Lehman Brothers Collection - Contemporary Business Archives

Harvard Business School Baker Library Historical Collections

Lehman Brothers Collection

Twentieth-Century Business Archives

S. S. Kresge Company Deal - Lehman Brothers Collection

S. S. Kresge Company

Company Dealregistration and sale of 4 1/8% convertible subordinated debentures
Transaction TypeConvertible Subordinated Debentures
Deal DescriptionS. S. Kresge Company added the net proceeds from this transaction to its general funds, to be used for additional inventory and other working capital requirements, including such requirements resulting from further store expansion. The company's increased volume of business had, at the time, increased its working capital requirements. Initially, the proceeds may have been used to reduce short-term borrowings.
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