The First Junk Bond : A Story of Corporate Boom and Bust

A Story of Corporate Boom and Bust

By: Harlan D. Platt

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Hardcover | 1 December 1993 | Edition Number 1

At a Glance

Hardcover
254 Pages

Dimensions(cm)
22.86 x 15.24 x 1.6

Hardcover

RRP $494.00

$420.75

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This is the comprehensive story of Texas International Inc., a small domestic oil and gas company that needed new capital resources for growth. It turned to Drexel Burnham Lambert and Michael Milken who engineered the first junk bond issue for this company at high interest rates. The book records the unusual events that befell the company, through its corporate growth and decline, debt exchange offers, bankruptcy, and corporate rebirth as (fittingly named?) The Phoenix Resources Companies, Inc.

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