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Stone Container Corporation (A) -- The Decision

Stone Container Corporation (A) -- The Decision. Thursday, April 1, 1993 announcement: Raise at least $500 million through an equity transaction or series of equity transactions Raise $300 million in public debt Proceeds to repay bank loans and strengthen capital structure

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Stone Container Corporation (A) -- The Decision

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  1. Stone Container Corporation (A) -- The Decision Thursday, April 1, 1993 announcement: • Raise at least $500 million through an equity transaction or series of equity transactions • Raise $300 million in public debt • Proceeds to repay bank loans and strengthen capital structure • “No longer prudent to wait for paper prices to recover, although such a recovery seems to be near. The motivation is to fix our balance sheet and allay the concerns the market has had” Arnold Brookstone, CFO

  2. Stone Container Cumulative Daily Returns Source: Datastream

  3. Stone Container Bond Prices Source: Datastream

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