By Angela McDaniels
Seattle, June 18 - Lehman Brothers Holdings Inc. priced an additional $20 million of its capped Libor floating-rate notes due Jan. 26, 2017, raising the total amount of notes sold to $120 million.
The company originally sold $100 million of the notes on Jan. 26.
The add-on priced at 99.1% plus accrued interest from April 26, according to an FWP filing with the Securities and Exchange Commission.
The interest rate is Libor plus 58 basis points, with a floor of zero and a cap of 7%. Interest is payable and reset quarterly.
Lehman Brothers Inc. is the underwriter.
| Issuer: | Lehman Brothers Holdings Inc.
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| Issue: | Capped Libor floating-rate notes
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| Amount: | $120 million, including $20 million add-on
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| Maturity: | Jan. 26, 2017
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| Coupon: | Libor plus 58 bps, with a floor of zero and cap of 7%; payable and reset quarterly
|
| Price: | Par for original issue, 99.1% for add-on
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| Payout at maturity: | Par
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| Pricing date: | Jan. 11 for original issue, June 15 for add-on
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| Settlement date: | Jan. 26 for original issue, June 20 for add-on
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| Underwriter: | Lehman Brothers Inc.
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