Notice Regarding Disposition of LBI Estate Securities
News provided by
Office of the Trustee for the Liquidation of Lehman Brothers Inc.Oct 28, 2013, 05:53 ET
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
[email protected]
T: +1 203 717 6524
Matthew Stewart
Vice President
[email protected]
T: +1 203 717 6483
Media Contact for the Trustee
Jake Sargent
[email protected]
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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