TPG Credit Strategies buys $25.54 million portion of Lehman claim

By Caroline Salls

Pittsburgh, July 6 - TPG Credit Strategies Fund, LP bought Cyrus Opportunities Master Fund II, Ltd.'s $25.54 million claim against Lehman Brothers Holdings Inc., according to a Tuesday filing with the U.S. Bankruptcy Court for the Southern District of New York.

The transferred amount is a portion of Cyrus' $48.42 million claim.

New York-based Lehman Brothers Holdings Inc. was the fourth-largest investment bank in the United States. The company filed for bankruptcy on Sept. 15, 2008. Its Chapter 11 case number is 08-13555.

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