Lehman Brothers Collection - Contemporary Business Archives

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Lehman Brothers Collection

Twentieth-Century Business Archives

Trans-Canada Pipe Lines Limited Deal - Lehman Brothers Collection

Trans-Canada Pipe Lines Limited

Company DealU.S. $92,990,000 first mortgage pipe line bonds, 4 3/4% series; Can. $44,774,000 first mortgage pipe line bonds, 6 1/4% series
Transaction TypeFirst Mortgage Pipe Line Bonds
Deal DescriptionTrans-Canada Pipe Lines Limited used the net proceeds from this transaction to pay to the Crown Corporation the purchase price of the Northern Ontario Section and/or to repay temporary borrowings, which may have been applied to the payment of such purchase price. The proceeds may also have been used for the repayment or reduction of the company's bank loans. Any balance was used to finance expansion of the Company's Pipe Line System and for general corporate purposes.
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