Lehman Brothers puts out notices on possible distribution agreement

By Wendy Van Sickle

Columbus, Ohio, Sept. 21 – Terms of a possible outline of an agreement concerning the distributions from Lehman Brothers Holdings Inc. have been developed and the parties have agreed to preliminarily terms, according to notices issued to holders of Lehman Brothers UK Capital Funding IV LP’s €200 million fixed-rate enhanced capital advantage preferred securities and Lehman Brothers UK Capital Funding €225 million fixed-rate to CMS-linked guaranteed non-voting, non-cumulative perpetual preferreds.

Terms of the potential outline of the agreement were brought to joint liquidators Bruce Alexander Mackay and Matthew Robert Haw at the beginning of September, according to the notices.

New York-based Lehman Brothers was the fourth-largest investment bank in the United States. The company emerged from bankruptcy on March 6, 2012.

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