Dow Jones Newswires -- February 20, 1998
Merrill, Lehman To Launch Green Tree Roadshow
Dow Jones Newswires
NEW YORK -- Merrill Lynch & Co. and Lehman Brothers are organizing a roadshow for investors in
which the two firms will answer questions about recent events surrounding Green Tree Financial Corp.,
according to people familiar with the two large investment banks.
The presentations are slated to begin Feb. 25 in Los Angeles and move to San Francisco on Feb. 27. In
early March, the roadshows will head to Chicago, Hartford, Conn. and New York City.
Investors have expressed concern about Merrill's recent suspension of trading of securities issued by
Green Tree. Merrill lifted that suspension last week.
More recently, the consumer lending company announced it had closed on a $500 million, two-year
committed credit facility with an affiliate of Lehman Brothers Holdings Inc.
At the same time, Green Tree said it had reduced two unsecured revolving lines of credit with banks, in
line with a substantial reduction in the amount of commercial paper it issues.
Separately, Moody's Investors Service said it expected to rate a deal called 'Lehman MoHo Asset-backed
Trust 1998-01,' a re-financing of Green Tree manufactured housing securities.
'The certificates are backed by previously issued Green Tree manufactured housing securities,' Moody's
said in a release.
Merrill and Lehman are the two biggest market makers in Green Tree's manufactured housing
loan-backed bonds.
-By Ross A. Snel and Marc Hochstein; 201 938-2086; ross.snel@cor.dowjones.com
Briefing Book for: GNT | LEH | MER
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