(Reuters) - In a late Tuesday filing with the U.S. Securities and Exchange Commission, H&R Block said Lehman Brothers Holdings Inc. did not renew a "warehouse" facility with the subprime unit, Option One Mortgage Corp., after it expired June 28.
The facility provided at least $1 billion of borrowing capacity, according to regulatory filings. Its non-renewal left Option One with $8 billion of committed borrowing capacity and $2 billion of uncommitted capacity, H&R Block said.
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The facility provided at least $1 billion of borrowing capacity, according to regulatory filings. Its non-renewal left Option One with $8 billion of committed borrowing capacity and $2 billion of uncommitted capacity, H&R Block said.
Read more at Reuters.com Business News
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