Lehman Brothers Treasury Announces the Successful Auction of a Portion of its Intercompany Claim against Lehman Brothers Holdings Inc.

AMSTERDAM–(BUSINESS WIRE)–In connection with its previously announced partial wind-down, Lehman
Brothers Treasury Co. B.V. in liquidation (“LBT”), through its
U.S. counsel Kramer Levin Naftalis & Frankel LLP, announced that its
placement agent, Seaport Loan Products LLC, successfully concluded an
auction of a US$10,475,844,413 portion of LBT’s US$34,548,000,000
intercompany claim (the “Intercompany Claim”) against Lehman Brothers
Holdings Inc. for a total gross purchase price of US$179,472,166. The
sale is expected to close during the first week of April 2019. The net
proceeds of the sale (after deducting various sale-related costs and
expenses), together with certain available cash, will be used to fund a
final distribution to creditors of LBT who do not receive substitute
notes as a result of LBT’s prior solicitation process.

For more information on the partial wind-down, including information
about the Intercompany Claim sale, the final cash distribution, and
anticipated timelines, an Information Notice has been posted to LBT’s
website at www.lehmanbrotherstreasury.com.


Daniel Eggermann, Kramer Levin Naftalis & Frankel LLP
Tel: +

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