2014

Notice Regarding Disposition of LBI Estate Securities

NEW YORK, Oct. 28, 2013 /PRNewswire/ -- James W. Giddens, Trustee for the liquidation of Lehman Brothers Inc. (LBI) under the Securities Investor Protection Act, in keeping with his statutory duty and ongoing focus of maximizing the value of the LBI general estate, along with his counsel at Hughes Hubbard & Reed LLP, continues to implement a strategy to liquidate securities and raise cash for distributions to customers and general creditors. 

The Trustee retained BlackRock Financial Management, Inc. earlier this year to sell certain securities in the general estate, along with securities in the fund of customer property that are not being distributed in-kind to customers. That process is now complete.  

The Trustee is now focused on the disposition of the remaining securities.  With the advice and consent of the Securities Investor Protection Corporation and in consultation with advisors to major creditor constituencies, the Trustee has retained Miller Buckfire & Co., LLC. and Stifel Fixed Income to help sell all remaining securities. 

The tiered marketing process will be competitive, transparent, and designed to maximize value for the LBI estate. 

  • Miller Buckfire/Stifel will conduct several rounds of weekly auctions.  During this phase, a list of individual securities will be made publicly available each Monday, and bidders will have the opportunity to place bids through the following Tuesday, with winners informed on Wednesday. 
  • Miller Buckfire/Stifel will package any remaining securities into groupings for additional bids, the details of which will be provided in the future.
  • Securities will have reserve prices set at the discretion of the Trustee and Miller Buckfire/ Stifel.  

Securities to be sold during weekly auctions, listed in Exhibit A, may be adjusted from time to time.  Sales inquiries can be made to:

Al Lhota
Senior Managing Director
alan@stifel.com
T: +1 203 717 6524

Matthew Stewart
Vice President
stewartma@stifel.com
T: +1 203 717 6483

Media Contact for the Trustee
Jake Sargent
jsargent@apcoworldwide.com 
202-569-5086

 THE SECURITIES SOLD IN ANY AUCTION HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE ACT), AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO, OR FOR THE BENEFIT OF, U.S. PERSONS ABSENT REGISTRATION UNDER, OR AN APPLICABLE EXEMPTION FROM, THE REGISTRATION REQUIREMENTS OF THE ACT AND APPLICABLE STATE SECURITIES LAW.  THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY THE AUCTION SECURITIES, AND SHALL NOT CONSTITUTE AN OFFER, SOLICITATION OR SALE IN ANY JURISDICTION IN WHICH, OR TO ANY PERSONS TO WHOM, SUCH OFFERING, SOLICITATION OR SALE WOULD BE UNLAWFUL.


 

Count

Cusip/ISIN

Security Description

Quantity

1

006ESCAP2

ADELPHIA COMMUNICATIONS CORP, SR NOTE SER B

6,334,000

2

006ESCBD8

ADELPHIA COMMUNICATIONS CORP, SR NOTE, ESCRO

356,000

3

006ESCAU1

ADELPHIA COMMUNICATIONS CORP, SR NTS SER-B

1,000,000

4

006ESCBE6

ADELPHIA COMMUNICATIONS CP SENIOR NOTES, ES

3,268,200

5

006ESCBF3

ADELPHIA COMMUNICATIONS SENIOR NOTES, ESCRO

6,510,000

6

N/A

ADELPHIA COMMUNICATIONS SENIOR NOTES, ESCRO

4,439,000

7

00685R789

ADELPHIA RECOVERY TRUST SER ACC-6 E/F INT

11,166,214

8

01030PEY8

ALABAMA HSG FIN AUTH MULTI FAMILY HSG REV FO

6,427,626

9

026874BU0

AMERICAN INTL GROUP INC, 144A

3,000,000

10

026874BR7

AMERICAN INTL GROUP INC, 144A

1,000,000

11

06652BAF0

BANKUNITED FINL CORP, SR NT

2,450,000

12

101990034

BOSTON PRIVATE BANCORP, INC, TENDER OFFER

20,000

13

131ESC9C1

CALPINE CORP, 144A, ESCROW CUSIP

183,791,000

14

131ESC9D9

CALPINE CORP, 144A, ESCROW CUSIP

134,000,000

15

131ESC9K3

CALPINE CORP, 144A, ESCROW CUSIP

77,921,000

16

131ESC9B3

CALPINE CORP, ESCROW 4 144A

77,695,000

17

13758B102

CANGENE CORP, RESTRICTED

111,360

18

N/A

CONCHO VLY TEX HSG FIN CORP, SGL FAM REV CUST

875,000

19

U29302AH6

ENRON CORP

2,000,000,000

20

2935618U3

ENRON CORP, ESCROW

7,615,000

21

2935619Q1

ENRON CORP, ESCROW

7,486,000

22

2935618S8

ENRON CORP, ESCROW

6,089,999

23

2935619Z1

ENRON CORP, ESCROW

3,000,000

24

2935619L2

ENRON CORP, ESCROW

2,500,000

25

2935619D0

ENRON CORP, ESCROW

475,000

26

2935619M0

ENRON CORP, ESCROW

51,000

27

347402AA7

FORT HAMILTON HSG LLC MILITARY HSG REV SERIE

4,765,000

28

368288AE6

GE SEACO FINANCE SRL SERIES 2005-1A CLASS

2,491,590

29

N/A

GILAT SATELLITE NETWORKS LTD

77,499

30

455209AA4

INDIANAPOLIS DOWNS L L C/IND DOWNS CAP COR

134,943

31

46115Z9Y5

INTERNATIONAL BANK RECON & DEV STRIP CPN

314,925

32

486MMI9C7

KAUPTHING BK HF MEDIUM TERM SR BK NTS 144

10,000,000

33

48632FAC5

KAUPTHING BK HF MEDIUM TERM SR BK NTS 144

5,000,000

34

N/A

KRUNG THAI BANK PUBLIC COMPANY LIMITED

192,900

35

U5250MES9

LBH "PAIRS 3 DISCOUNT CERT" REG S DISC CE

300,000

36

524ESCWH9

LEHMAN BROS HLDGS INC, ESCROW CUSIP

22,505,000

37

525ESCRB7

LEHMAN BROS HLDGS INC, ESCROW CUSIP

4,110,000

38

524ESCWZ9

LEHMAN BROS HLDGS INC, ESCROW CUSIP

3,300,000

39

524ESCV80

LEHMAN BROTHER HLD INC, ESCROW CUSIP

30,000

40

525ESCB16

LEHMAN BROTHERS HLDGS INC, ESCROW CUSIP CONV

8,698

41

525ESCAJ8

LEHMAN BROTHERS HOLDINGS INC, ESCROW CUSIP

2,000,000

42

525ESCAL3

LEHMAN BROTHERS HOLDINGS INC, ESCROW CUSIP

130,000

43

525ESC7S2

LEHMAN BROTHERS HOLDINGS INC, ESCROW CUSIP

50,000

44

524ESC9J1

LEHMAN BROTHRS-SUNS D04/29/03 ESCROW CUSIP

20,000

45

524ESC9A0

LEHMAN BRTH HLD (SGP), ESCROW CUSIP

20,000

46

525ESC646

LEHMAN BRTH HLD INC, ESCROW CUSIP

16,000

47

525ESCLN7

LEHMAN BRTHRS HLDGR ESCROW CUSIP

444,000

48

525ESC9O9

LEHMAN BRTHRS HLDGR ESCROW CUSIP

230,000

49

525ESC7P8

LEHMAN BRTHRS HLDGR ESCROW CUSIP

200,000

50

525ESC8O0

LEHMAN BRTHRS HLDGR ESCROW CUSIP

160,000

51

525ESC2S7

LEHMAN BRTHRS HLDGR ESCROW CUSIP

140,000

52

525ESC0D2

LEHMAN BRTHRS HLDGR ESCROW CUSIP

70,000

53

525ESC4D8

LEHMAN BRTHRS HLDGR ESCROW CUSIP

50,000

54

525ESCAV1

LEHMAN BRTHRS HLDGR ESCROW CUSIP

46,000

55

525ESC6E4

LEHMAN BRTHRS HLDGR ESCROW CUSIP

30,000

56

525ESC4T3

LEHMAN BRTHRS HLDGR ESCROW CUSIP

30,000

57

525ESC5N5

LEHMAN BRTHRS HLDGR ESCROW CUSIP

25,000

58

525ESCAU3

LEHMAN BRTHRS HLDGR ESCROW CUSIP

20,000

59

525ESC5A3

LEHMAN BRTHRS HLDGR ESCROW CUSIP

16,000

60

525ESC4V8

LEHMAN BRTHRS HLDGR ESCROW CUSIP

12,000

61

525ESC8V4

LEHMAN BRTHRS HLDGR ESCROW CUSIP

7,000

62

525ESCJL4

LEHMAN BRTHRS HLDGR ESCROW CUSIP

3,000

63

525ESCHW2

LEHMAN BRTHRS HLDGR ESCROW CUSIP

3,000

64

53225KAB9

LIGHTPOINT CLO VIII LTD, SERIES 2007-8IE CLAS

403,000

65

N/A

MERISANT CO ESCROW CUSIP

32,808,000

66

6046759B6

MIRANT CORP, ESCROW

6,640,000

67

6046759C4

MIRANT CORP, ESCROW

3,411,000

68

60467Q995

MIRANT TR I 6.25% CONV PFD SER A ESCROW SH

16,984

69

613907BG8

MONTGOMERY CNTY TEX HSG FIN CORP, MULTI-FAMIL

3,830,000

70

55405T200

MYR GROUP INC, ACCREDITED INVESTOR

10,769

71

640ESC992

NELL AF SARL F ESCROW CUSIP 144A

4,600,000

72

N/A

NORTEX HSG FIN CORP, TEX SGLFAM REV CUST RCPT

2,406,250

73

658196RB8

NORTH CAROLINA EASTN MUN PWR AGY SYS RV REG

300,000

74

683078GG8

ONTARIO HYDRO

100,000

75

721467AF5

PILGRIMS PRIDE CORP, SR SUB NT

1,135,000

76

N/A

PIMA CNTY ARIZ INDL DEV AUTH S SINGLE FAM MT

100,000

77

N/A

REPUBLIC OF ARGENTINA

9,890,997

78

N/A

REPUBLIC OF ARGENTINA ORIG MAT 12/20/03

500,000

79

871639985

SYNERGY PHARMACEUTICALS INC

48,826

80

87215QAA8

T & W FDG VII L L C SER 1997-A LEASED BAKED

3,101,785

81

87959YAA1

TELIGENT INC, SR NOTES

11,010,099

82

N/A

THE ISRAEL ELECTRIC CORP LTD, REG S

100,000

83

925817AD0

VICORP, RESTAURANTS INC, SR NOTE

1,880,000

84

N/A

WEST CENTRAL TEX HSG FIN CORP, SGL FAM REV CU

1,968,750

85

978802205

WOODBOURNE CAP TR I FLEX COMMITTED CAP SECS

18,500,000

86

97880P204

WOODBOURNE CAP TR III FLEX COMMITTED CAP SEC

18,500,000

87

97880Q202

WOODBOURNE CAP TR IV FLEX COMMITTED CAP SECS

18,500,000

88

787990167

WTS ST ANDREW GOLDFIELDS LTD, EXP 03/15/2008

433,334

 

SOURCE Office of the Trustee for the Liquidation of Lehman Brothers Inc.



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