- Sept 15 (Reuters) - Lehman Brothers Holdings Inc:
* Asks court to extend deadline to file a list of all equity security holders
* Asks court to extend the 15-day period by an additional 45 days
* Says owns 10 percent or more of the following cos Imperial Sugar Co
Navigator Gas, Flagstone Reinsurance Holdings GLG Partners Inc
* Says owns 10 percent or more of the following cos Ronco Corp
Pacific Energy Partners, Blount International Inc Pemstar Inc,
Transmontaigne Inc
* Says vast majority of the company's financing for operations arises from
financing provided to the debtor
* Says as of May 31 the debtor owed about $110.5 billion on account of senior
unsecured notes, about $12.6 billion on account of subordinated unsecured
notes, and about $5 billion on account of junior subordinated notes
* Says secured funding for asset purchases is generally obtained through
tri-party repurchase agreements
* Says in such agreement a custodian bank or clearing organization acts as an
intermediary between Lehman Brothers and its funding counterparties
* Says outstanding amount owed under such tri-party repurchase agreements stood
at $188 billion as of May 31
* Says expected the sale of its investment management division would have
generated in excess of $4 billion
* Says uncertainty among banks through which it clears securities trades,
ultimately made it impossible for Lehman to continue to operate its business
* Says its liquidity crisis prompted an emergency meeting on September 12
between its management, officials from the NY Federal Reserve
* Says meeting also included the heads of major financial institutions,
Treasury secretary Henry Paulson and SEC chairman Christopher Cox
* Says government officials indicated that emergency federal funding would not
be forthcoming to stabilize Lehman Brothers and provide the liquidity needed
for its operations
((New York Equities Desk; tel: +1 646 223 6000))
tf.TFN-Europe_newsdesk@thomsonreuters.com
cmr
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