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Sixteenth Distribution Percentages Announced for Lehman Brothers Holdings Inc. and Its Debtor Affiliates

September 27, 2018

NEW YORK--(BUSINESS WIRE)--Sep 27, 2018--Lehman Brothers Holdings Inc. (“LBHI”), as Plan Administrator, announced today in a court filing the percentage recovery that will be distributed on October 4, 2018 to holders of allowed claims against LBHI and its various affiliated Debtors (collectively, “Lehman”).

Lehman’s aggregate sixteenth distribution to unsecured creditors pursuant to its confirmed chapter 11 plan will total approximately $2.0 billion. This distribution includes (1) $1.7 billion of payments on account of third-party claims, which includes non-controlled affiliate claims, and (2) $0.3 billion of payments among the Lehman Debtors and their controlled affiliates (see Exhibit B to the court filing, Docket #58847, for further detail). Cumulatively through the sixteenth distribution, Lehman’s total distributions to unsecured creditors will amount to approximately $126.6 billion including (1) $93.9 billion of payments on account of third-party claims, which includes non-controlled affiliate claims, and (2) $32.7 billion of payments among the Lehman Debtors and their controlled affiliates.

In accordance with the chapter 11 plan, which was confirmed on December 6, 2011, and subject to available funds, the Lehman Debtors’ seventeenth distribution to creditors is anticipated to be made within 5 business days of March 30, 2019.

The chapter 11 plan, related disclosure statement and other filings, including the filing referred to above, can be found at www.lehman-docket.com in the “Key Documents” section. Questions relating to the distribution can be directed to the Debtors’ claims agent, Epiq Systems, Inc., at 1-866-879-0688 (U.S.) and 1-503-597-7691 (Non-U.S.).

View source version on businesswire.com:https://www.businesswire.com/news/home/20180927005421/en/

CONTACT: Lehman Brothers Holdings Inc.

Kimberly Macleod, 646-285-9215

kmacleod@lehmanholdings.com

KEYWORD: UNITED STATES NORTH AMERICA NEW YORK

INDUSTRY KEYWORD: PROFESSIONAL SERVICES BANKING FINANCE LEGAL

SOURCE: Lehman Brothers Holdings Inc.

Copyright Business Wire 2018.

PUB: 09/27/2018 07:17 AM/DISC: 09/27/2018 07:17 AM

http://www.businesswire.com/news/home/20180927005421/en

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