This Lucite award commemorates the December 19, 2006 $400 million offering of floating rate notes from Primus CLO I, Corp which was a credit-focused proprietary hedge fund. The deal was sturctured by Lehman Brothers. This Lucite measure approx. 4"x 4" pyramid shape in gorgeous blue and clear Lucite. Due to the highly reflective nature of the Lucite material, pictures tend to show even the most miniscule pieces of lint. These are not defects. Overall condition is great with minor rubbing on the surface material which does not take away from it's overall attractiveness. See other
Lehman Brothers memorabilia like this.
Primus CLO - Lehman Brothers Deal LuciteDimensions: 5.5" x 4" x 4"
Weight: 2lb.
More about Lucite Awards: Lucite was developed by the DuPont Co. in 1931 for use in applications such as fighter airplane windshields. The product was later used by companies commemorating public offerings and M&A deals. Lucite awards were generally limited to executive officers, analysts, investment bankers, and clients making their numbers few (usually less than 50). After the meltdown of 2008, due to budget constraints and fewer deals to be commemorated, fewer Lucite’s are being produced making these a dying art form and a great collectible piece of history.