Lehman Brothers Collection - Contemporary Business Archives

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Lehman Brothers Collection

Twentieth-Century Business Archives

Southern California Edison Company Deal - Lehman Brothers Collection

Southern California Edison Company

Company Deal$75,000,000 3 1/8% convertible debentures due 1980
Transaction TypeConvertible Debentures
Deal DescriptionSouthern California Edison Company used a portion of the net proceeds from this transaction to repay short-term bank loans. The bank loans were incurred by the company in connection with its continuing construction program. The balance of the proceeds became treasury funds. The company proposed to use an amount at least equal to such balance in its continuing construction program.
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