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