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Re: cottonisking post# 108808

Friday, 11/24/2023 7:57:27 PM

Friday, November 24, 2023 7:57:27 PM

Post# of 116211
"2. A distribution in respect of the Company’s unsecured, non-preferential subordinated
liabilities in accordance with the Framework Agreement recently entered into by, amongst
others, the Company and LB GP No1 Limited (in liquidation), Lehman Brothers UK Capital
Funding LP, Lehman Brothers UK Capital Funding II LP, Lehman Brothers UK Capital
Funding III LP and LBHI as the holders of relevant subordinated liabilities."

Cotton,
When they are referring to the 'LBHI' 'as the holders of Relevant Subordinated Liabilities', I hope they are not referring to the 'underlying' Notes just pertaining to the ECAPS but also to the ones pertaining to the US CTs. GLTU & GLTA!
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  • 5Y