Lehman Brothers Collection - Contemporary Business Archives

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Lehman Brothers Collection

Twentieth-Century Business Archives

Sola Basic Industries, Inc. Deal - Lehman Brothers Collection

Sola Basic Industries, Inc.

Company Deal$10,000,000 4 1/2% convertible subordinated debentures
Transaction TypeConvertible Subordinated Debentures
Deal DescriptionSola Basic Industries, Inc., used the net proceeds from this transaction for general corporate purposes, including expansion of plant facilities, investment in foreign operations, and additional working capital. A portion of the proceeds was used to construct and equip two new plant and office facilities at Goldsboro and Whiteville, North Carolina, and two new plants in Mexico City. The remainder of the proceeds was added to working capital.
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