MF Global Holdings Creditors Led By JPMorgan, Deutsche Bank
The following are MF Global Holdings’ largest unsecured creditors and shareholders, according to the company’s bankruptcy filing and related court papers submitted today in U.S. Bankruptcy Court in Manhattan.
Unsecured creditors rank behind secured lenders in getting repaid in a bankruptcy, and are ahead of preferred and common shareholders.
Unsecured Creditors:
JPMorgan Chase & Co. (JPM)’s JPMorgan Chase Bank, bondholder trustee, $1.2 billion.
Deutsche Bank AG (DBK), trustee for $1.02 billion in bonds:
Deutsche Bank Trust Co., bondholder trustee for 6.25% notes, $325 million bondholder trustee for 3.375% notes, $325 million bondholder trustee for 1.875% notes, $287.5 million bondholder trustee for 9% notes, $78.6 million.
Headstrong Services LLC, $3.9 million
Comcast Corp. (CMCSA)’s CNBC, $845,397
Sullivan & Cromwell LLP, $596,939
Caplin Systems Ltd., $427,520
Wachtell, Lipton, Rosen & Katz, $388,000
Linklaters LLP, $348,000
PricewaterhouseCoopers LLP, $312,598
Dean Media Group, $309,000
Oracle Corp. (ORCL), $302,704
ForwardThink Group Inc., $278,825
Bloomberg Finance LP, $276,064
The Gate Worldwide (S) Pte Ltd., $229,739
Lever Interactive, $178,900
Braxton Group LLC, $172,325
Forum Group, $154,300
Shearman & Sterling LLP, $135,500
RR Donnelly, $118,600
Infinia Group LLC, $115,001
Directors Fees, $105,000
ADK America Inc., $101,958
Shareholders as of Sept. 30, according to the petition:
Preferred Shares:
J.C. Flowers, 1.5 million preferred shares
Common Shares:
Pyramis Global Advisors LLC, 8.44 percent
RS Investments, 7.81 percent
Fine Capital Partners LP, 7.37 percent
Cadian Capital Management LLC, 6.17 percent
TIAA-CREF, 5.77 percent
Advisory Research Inc., 5.54 percent
Dimensional Fund Advisors LP, 5.41 percent
Rydex Security Global Investors LLC, 5.13 percent
The case is MF Global Holdings Ltd. (MF), 11-bk-15059, U.S. Bankruptcy Court, Southern District of New York (Manhattan).
To contact the reporters on this story: David McLaughlin in New York at dmclaughlin9@bloomberg.net; Linda Sandler in New York at lsandler@bloomberg.net.
To contact the editor responsible for this story: John Pickering at jpickering@bloomberg.net.
Oct. 31 (Bloomberg) -- MF Global Holdings Ltd., the holding company for the broker-dealer run by former New Jersey governor and Goldman Sachs Group Inc. co-chairman Jon Corzine, filed for bankruptcy after making bets on European sovereign debt. The New York-based firm listed total debt of $39.7 billion and assets of $41 billion in Chapter 11 papers filed today in U.S. Bankruptcy Court in Manhattan. Erik Schatzker reports on Bloomberg Television's "InBusiness With Margaret Brennan." (Source: Bloomberg)
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