Lehman Holds On To Admin Roles

26 Nov 2008

Lehman Brothers is refusing to step down as administrative agent on a number of loan deals, waiting out borrowers as it tries to ease its way out of unfunded loan commitments.

Lehman Brothers is refusing to step down as administrative agent on a number of loan deals, waiting out borrowers as it tries to ease its way out of unfunded loan commitments. Part of the bankrupt firm's strategy, market players said, is to buy time while new owner Barclays ...

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