Lehman Brothers Collection - Contemporary Business Archives

Harvard Business School Baker Library Historical Collections

Lehman Brothers Collection

Twentieth-Century Business Archives

The Detroit Edison Company Deal - Lehman Brothers Collection

The Detroit Edison Company

Company Deal$50,000,000 general and refunding mortgage bonds, series BB 12 1/2% due October 1, 1979
Transaction TypeGeneral and Refunding Mortgage Bonds
Deal DescriptionThe Detroit Edison Company used the net proceeds from this transaction to reduce short-term commercial paper and bank borrowings incurred in connection with the company's construction program and for working capital. In order to meet increased and forecasted demands for electric service, the Company had been engaged for several years in a continuing long-range construction program.
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