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JBK Lehman ABS Corporation

26.90
-0.60 (-2.18%)
20 Dec 2024 - Closed
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
  -0.60 -2.18% 26.90 26.90 26.90 26.90 123 21:00:00

Tender Offer for Corporate Backed Trust Certificates - $26.50 for each $25.00 principle amount

10/07/2018 9:38pm

PR Newswire (US)


Lehman ABS (NYSE:JBK)
Historical Stock Chart


From Dec 2019 to Dec 2024

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NEW YORK, July 10, 2018 /PRNewswire/ -- Origen Phoenix LLC (the "Purchaser") has commenced a cash tender offer 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) (the "Certificates") as described below (the "Tender Offer").  The terms and conditions of the Tender Offer are described in the Purchaser's Offer to Purchase dated July 2, 2018 (the "Offer to Purchase") and the related Letter of Transmittal (the "Letter of Transmittal").

The Tender Offer will expire at 5:00p.m. EST, on August 2, 2018 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 $26.50 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 August 6, 2018.

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 and the Letter of Transmittal, 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.

Origen Phoenix LLC was incorporated in New York in 2016 and is not affiliated with the trust which issued the Certificates.

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.  Theses risks and uncertainties include, but are not limited to the continuing litigation affecting, and the limited trading market for, the Certificates.  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

Contact: info@doxiebrook.com

Cision View original content:http://www.prnewswire.com/news-releases/tender-offer-for-corporate-backed-trust-certificates---26-50-for-each-25-00-principle-amount-300678945.html

SOURCE Origen Phoenix LLC

Copyright 2018 PR Newswire

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