Hammond Co. Applies to SEC to Register Debentures
The Hammond Co., a publicly held, Newport Beach-based mortgage banking firm, said it has applied to the Security Exchange Commission to register $6 million worth of convertible subordinated debentures to be sold in $1,000 denominations. The interest rate and conversion price of the debentures will be determined at a later date. Donaldson, Lufkin & Jenrette Securities Corp. will be the sole underwriter.
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