Lehman Bankruptcy: Austin Property Company Wants $

Here is the language from the Thomas Properties CEO:

“”Through this motion, we are seeking to compel Lehman Brothers to accept and honor its obligation to fund the $100 million revolving credit facility.”

So what’s really going on?  Its not like they will get their $100 million from the very bankruptcy investment bank.  Looks like Thomas Properties wants out of the deal to make other arrangements but they can’t until the court says, forgetaboutit.  Just my guess.

Tags: Add new tag, Austin, bankruptcy, Lehman Brothers, Lehman Brothers Bankruptcy, Thomas Properties