Bloomberg News

Lehman Ends Bid for Post-Bankruptcy Loans, Pays Termination Fee

January 26, 2012

Jan. 26 (Bloomberg) -- Lehman Brothers Holdings Inc., which holds $28 billion in cash and investments with its affiliates, dispatched with a previously withdrawn bid for post-bankruptcy financing by paying Barclays Plc a $7.5 million termination fee, according to a court filing.

Lehman is dealing with neglected business as it pursues a liquidation plan that aims to raise a total of $65 billion, including cash in hand.

To contact the reporter on this story: Linda Sandler in New York at lsandler@bloomberg.net

To contact the editor responsible for this story: Andrew Dunn at adunn8@bloomberg.net


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