By Jennifer Chiou
New York, Sept. 27 - Lehman Brothers Holdings, Inc. priced $272.2 million of extendible floating-rate senior notes at par, according to an FWP filing with the Securities and Exchange Commission.
The notes (A1/A+/AA-) have an initial maturity of 2008 but it is extendible by holders on the 22nd of each month from October 2007 onwards for one year, up to final maturity of 2009.
Their coupon is one-month Libor plus 17 basis points initially, with the spread increasing to 19 bps on the reset date.
Lehman Brothers Inc. was the underwriter.
| Issuer: | Lehman Brothers Holdings Inc.
|
| Issue: | Extendible floating-rate senior notes
|
| Amount: | $272.2 million
|
| Maturity: | Oct. 22, 2008, extendible to Feb. 22, 2009
|
| Underwriter: | Lehman Brothers Inc.
|
| Coupon: | One-month Libor plus 17 bps, stepping up to 19 bps
|
| Price: | Par
|
| Trade date: | Sept. 26
|
| Settlement date: | Sept. 28
|
| Ratings: | Moody's: A1
|
| Standard & Poor's: A+
|
| Fitch: AA
|
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