Lehman Brothers Collection - Contemporary Business Archives

Harvard Business School Baker Library Historical Collections

Lehman Brothers Collection

Twentieth-Century Business Archives

The Hartford Electric Light Company Deal - Lehman Brothers Collection

The Hartford Electric Light Company

Company Dealfirst mortgage bonds 1968 series due 2/1/98; preferred stock $6.58 1968 series
Transaction TypeFirst Mortgage Bonds / Preferred Stock
Deal DescriptionThe Hartford Electric Light Company used the net proceeds from this transaction to repay bank loans. The balance was used to provide a portion of funds for contemplated construction expenditures and investments in nuclear generating companies. The bank loans were incurred to finance the company's construction program, to supply funds for the company's investments in Connecticut Yankee Atomic Power Company and other nuclear generating companies and to pay a portion of the company's bonds, which matured August 1, 1967.
Harvard Business School Harvard Business School Baker Library Histrorical Collections