Lehman Abs Corp Goldman Sachs Cap 1 Sec Backed Ser 2004-6 8-K, filed Feb 23, 2021
Lehman Abs Corp Goldman Sachs Cap 1 Sec Backed Ser 2004-6 (JBK)
About this 8-K
Lehman Abs Corp Goldman Sachs Cap 1 Sec Backed Ser 2004-6 filed this 8-K on February 23, 2021, reporting on events of February 16, 2021.
Items reported
- Item 8.01: Other events
- Item 9.01: Financial statements and exhibits
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of report (Date of earliest event reported): February 16, 2021
Lehman ABS Corporation, on behalf of:
CORPORATE BACKED TRUST CERTIFICATES,
GOLDMAN SACHS CAPITAL I SECURITIES-BACKED SERIES 2004-6 TRUST
—————————————————————————————
(Exact Name of Registrant as Specified in Its Charter)
| Delaware |
001-32131 |
13-3447441 | ||
| (State or Other Jurisdiction of Incorporation | (Commission File Number)
|
(I.R.S. Employer Identification No.) | ||
| Lehman ABS Corporation 110 E. 42nd Street, Suite 820 New York, New York 10017 |
10017 | |||
| (Address of Principal Executive Offices) | Zip Code |
Registrant’s telephone number, including area code: (646) 285-9000
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any following provisions (see General Instruction A.2. below):
| ☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ☐ | Soliciting material pursuant to Rule 14a-12(b) under the Exchange Act (17 CFR 240.14a-12(b)) |
| ☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class |
Trading Symbol(s) |
Name of each exchange on which | ||
| Corporate Backed Trust Certificates, Goldman Sachs Capital I Securities-Backed Series 2004-6 |
JBK | New York Stock Exchange (“NYSE”) |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company [ ]
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [ ]
The Corporate Backed Trust Certificates, Goldman Sachs Capital I Securities-Backed Series 2004-6 Trust, which we refer to herein as the “Trust,” was formed pursuant to the Standard Terms for Trust Agreements, dated as of January 16, 2001, between Lehman ABS Corporation, as depositor, and U.S. Bank Trust National Association, as trustee (the “Trustee”), as supplemented by the Series Supplement in respect of the Trust dated as of March 19, 2004.
The Depositor is a wholly-owned, indirect subsidiary of Lehman Brothers Holdings Inc. (“LBHI”). On September 15, 2008 and periodically thereafter, LBHI and certain of its subsidiaries (collectively, the “Debtors”) commenced voluntary cases under chapter 11 of title 11 of the United States Code with the United States Bankruptcy Court for the Southern District of New York (the “Bankruptcy Court”) (jointly administered proceedings, In re Lehman Brothers Holdings Inc. et al., Case Number 08-13555). LBHI and its wholly-owned broker-dealer, Lehman Brothers Inc., have sold since September 15, 2008 significant businesses, including the sale on September 21, 2008 of the investment banking business to Barclays Capital Inc., which business included the employees who historically conducted the Registrant’s business.
On December 6, 2011, the Bankruptcy Court entered an order (the “Confirmation Order”) confirming the Modified Third Amended Joint Chapter 11 Plan of Lehman Brothers Holdings Inc. and its Affiliated Debtors (the “Plan”). The Plan and the Confirmation Order were attached as Exhibit 2.1 and Exhibit 2.2, respectively, to LBHI’s Current Report on Form 8-K filed with the Securities and Exchange Commission on December 14, 2011. LBHI’s Current Report on Form 8-K filed with the Securities and Exchange Commission on December 14, 2011 contains a summary of the Plan.
On March 6, 2012 (the “Effective Date”), the Plan became effective and a notice of the Effective Date of the Plan (the “Notice of Effective Date”) was filed with the Bankruptcy Court.
| Item 8.01. | OTHER EVENTS |
On February 16, 2021, a distribution was made to the holders of the certificates issued by the Trust. Specific information with respect to the distribution is filed as Exhibit 99.1 hereto.
No other reportable transactions or matters have occurred during the current reporting period.
The Goldman Sachs Group, Inc., the issuer of the junior subordinated debentures, the sole assets held by the issuer of the underlying securities, is subject to the information reporting requirements of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). For information on The Goldman Sachs Group, Inc. please see its periodic and current reports filed with the Securities and Exchange Commission (the “Commission”) under The Goldman Sachs Group, Inc.’s Exchange Act file number, 001-14965. The Commission maintains a site on the World Wide Web at “http://www.sec.gov” at which users can view and download copies of reports, proxy and information statements and other information filed electronically through the Electronic Data Gathering, Analysis and Retrieval system, or “EDGAR.” Periodic and current reports and other information required to be filed pursuant to the Exchange Act by The Goldman Sachs Group, Inc. may be accessed on this site. Neither Lehman ABS Corporation nor the Trustee has participated in the preparation of such reporting documents, or made any due diligence investigation with respect to the information provided therein. Neither Lehman ABS Corporation nor the Trustee has verified the accuracy or completeness of such documents or reports. There can be no assurance that events affecting the issuer of the underlying securities, the issuer of the junior subordinated debentures or the underlying securities themselves have not occurred or have not yet been publicly disclosed which would affect the accuracy or completeness of the publicly available documents described above.
| Item 9.01. | FINANCIAL STATEMENTS AND EXHIBITS |
(d) The following exhibit is filed as part of this report:
| 99.1 | Trustee’s Distribution Statement to the Corporate Backed Trust Certificates, Goldman Sachs Capital I Securities-Backed Series 2004-6 Certificate Holders for the period ending February 16, 2021. |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. In preparing this report the Registrant has relied on information provided to it by the Trustee.
Date: February 23, 2021
| Lehman ABS Corporation | ||
| By: | /s/ Jeffry Ciongoli | |
| Name: | Jeffry Ciongoli | |
| Title: | Vice President and Assistant Treasurer | |
Exhibit 99.1
TRUSTEE’S DISTRIBUTION STATEMENT
To the Holders of:
Corporate Backed Trust Certificates, Goldman Sachs Capital I Securities-Backed Series 2004-6
*CUSIP: 21988K859
In accordance with the Standard Terms for Trust Agreements, U.S. Bank Trust National Association, as Trustee, submits the following cash basis statement for the period ending February 16, 2021.
| INTEREST ACCOUNT |
||||
| Balance as of August 17, 2020 |
$ | 0.00 | ||
| Swap Receipt Amount |
$ | 0.00 | ||
| Scheduled Income received on securities |
$ | 431,333.10 | ||
| Unscheduled Income received on securities |
$ | 0.00 | ||
| LESS: |
||||
| Swap Distribution Amount |
0.00 | |||
| Distribution to the Holders |
-$ | 431,333.10 | ||
| Distribution to Depositor |
-$ | 0.00 | ||
| Distribution to Trustee |
-$ | 0.00 | ||
| Balance as of February 16, 2021 |
$ | 0.00 | ||
| PRINCIPAL ACCOUNT |
||||
| Balance as of August 17, 2020 |
$ | 0.00 | ||
| Scheduled principal payment received on securities |
$ | 0.00 | ||
| LESS: |
||||
| Distribution to Holders |
-$ | 0.00 | ||
| Balance as of February 16, 2021 |
$ | 0.00 | ||
UNDERLYING SECURITIES HELD AS OF August 17, 2020
| Principal |
Title of Security | |
| $13,596,000 | Goldman Sachs Capital I, 6.345% Capital Securities due February 15, 2034 | |
| *CUSIP: 38143VAA7 |
CREDIT SUPPORT AS OF February 16, 2021
| Notional |
Title of Security | |
| $13,596,000 | Swap Agreement Dated as of March 19, 2004 between the Trust and Lehman Brothers Special Financing Inc. |
U.S. Bank Trust National Association, as Trustee
*The Trustee shall not be held responsible for the selection or use of the CUSIP numbers nor is any representation made as to its correctness. It is included solely for the convenience of the Holders.