SEC Filing Summary: Lehman ABS Corporation
Business Context and Reporting Period
This Form 8-K Current Report was filed on March 19, 2004, by Lehman ABS Corporation ("LABS"), a Delaware corporation. The filing reports a specific transaction involving the transfer of capital securities to a newly established trust structure.
Key Financial Metrics
The filing does not provide standard financial statements, revenue, profit, cash flow, or margin data. The only specific financial metric disclosed is the principal amount of securities transferred:
- Securities Transferred: $25,000,000 aggregate principal amount.
- Security Type: 6.345% Capital Securities due February 2034, issued by Goldman Sachs Capital I.
- Transaction Counterparty: Lehman Brothers Inc. purchased the resulting trust certificates from LABS.
Material Changes
The material event reported is the establishment of the "Goldman Sachs Capital I Securities-Backed Series 2004-6 Trust" on March 19, 2004. LABS transferred the aforementioned Goldman Sachs Capital I securities to this trust. The trust subsequently issued Corporate Backed Trust Certificates, which were underwritten and purchased by Lehman Brothers Inc. pursuant to an agreement dated March 10, 2004.
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, or discussion of risks and contingencies. The document is strictly a notification of the transaction and the execution of the Series Supplement dated March 19, 2004, between LABS and U.S. Bank Trust National Association.
Investor Verification Checklist
- Verify the terms of the Underwriting Agreement dated March 10, 2004, between LABS and Lehman Brothers Inc.
- Review the Series Supplement (Exhibit 4.1) to confirm the specific rights and obligations of the Series 2004-6 Trust.
- Confirm the credit status of the underlying Goldman Sachs Capital I Capital Securities due 2034.
- Note that no pro forma financial information was provided in this filing.