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JBK Lehman ABS Corporation

25.6569
0.00 (0.00%)
Pre Market
Last Updated: 12:29:51
Delayed by 15 minutes
Name Symbol Market Type
Lehman ABS Corporation NYSE:JBK NYSE Exchange Traded Fund
  Price Change % Change Price High Price Low Price Open Price Traded Last Trade
  0.00 0.00% 25.6569 0 12:29:51

Tender Offer Increased to $26.00 for Corporate Backed Trust Certificates - $26.00 for each $25.00 principal amount

24/01/2019 5:13pm

PR Newswire (US)


Lehman ABS (NYSE:JBK)
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From Jul 2019 to Jul 2024

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NEW YORK, Jan. 24, 2019 /PRNewswire/ -- Origen Phoenix LLC (the "Purchaser") has increased the purchase price for its cash tender offer to $26.00 for any and all outstanding Corporate-Backed Trust Certificates, Goldman Sachs Capital I Securities-Backed Series 2004-6 (CUSIP No. 21988K859) (NYSE symbol JBK) (Bloomberg symbol JBK Pfd) (the "Certificates") as described below (the "Tender Offer").  All other terms and conditions of the Tender Offer remain unchanged.  The terms and conditions of the Tender Offer are described in the Purchaser's Offer to Purchase dated January 8, 2019 (the "Offer to Purchase"), the related Letter of Transmittal (the "Letter of Transmittal") and Supplement No.1 to Offer to Purchase dated January 24, 2019 (the "Supplement").

The Tender Offer will expire at 5:00p.m. EST, on February 8, 2019 unless extended or earlier terminated (the "Expiration Time").  Holders who validly tender (and who do not validly withdraw) their Certificates prior to the Expiration Time will be entitled to receive $26.00 for each $25.00 principal amount of Certificates.  Holders will not receive any accrued and unpaid interest on their Certificates that are accepted for purchase in the Tender Offer.

The Tender Offer is subject to the conditions in the Offer to Purchase and the Letter of Transmittal.  Provided that the conditions to the Tender Offer have been satisfied or waived, payment for the Certificates purchased in the Tender Offer will be made promptly after the Expiration Time which is expected to be on or about February 8, 2019.

This press release is neither an offer to purchase nor a solicitation of an offer to sell the Certificates.  The Purchaser is making the offer only by the terms of the Offer to Purchase, Letter of Transmittal and Supplement, copies of which may be obtained from D.F. King & Co., Inc., the tender and information agent for the Tender Offer, at cbtc@dfking.com or (877) 297-1738 or, for banks and brokers, at (212) 269-5550.

Forward-Looking Statements
This press release contains forward-looking statements, including those related to the completion of the Tender Offer.  Forward-looking statements involve many risks and uncertainties that could significantly affect anticipated results in the future. The Purchaser is not under any obligation to update its forward-looking statements as a result of new information, future events or otherwise, except as required by law.

Source:  Origen Phoenix LLC

info@doxiebrook.com

 

Cision View original content:http://www.prnewswire.com/news-releases/tender-offer-increased-to-26-00-for-corporate-backed-trust-certificates---26-00-for-each-25-00-principal-amount-300783828.html

SOURCE Origen Phoenix LLC

Copyright 2019 PR Newswire

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