Enron Corp. - University of California | Office of The President

course of conduct and business by participating in loans to it of over $3 billion during the Class
Period, helping it raise almost $2 billion from the investing public via the sale of new securities
during the Class Period and helping it structure and finance certain of the illicit SPEs and
partnerships Enron controlled which were a primary vehicle utilized by Enron to falsify its reported
financial results.
752. Barclays acted as a placement agent and/or reseller with respect to the following
public offerings of Enron securities:
DATE SECURITY
2/01 $1.9 billion zero coupon convertible notes
753. In addition, Barclays underwrote the sale of Enron-related securities. For instance:
2/00 Yosemite Securities Co. Ltd. £200,000,000 8.75% Series 2000-A
Linked Enron Obligations
754. In addition, during the Class Period, Barclays was one of the principal commercial
lending banks to Enron participating in over $3 billion in bank loans to Enron. For instance:
• Barclays was the lead lender on a $2.3 billion debt facility to finance Enron's
purchase of Wessex Water in 98.
• Barclays was a co-arranger of a $250 million loan to Enron in 11/97.
• Barclays participated in the 9/98 $1 billion credit facility for Enron as well as the
8/01 $3 billion debt facility for Enron which were used to back up Enron's
commercial paper debt.
• Barclays participated in a $250 million revolving credit facility for Enron arranged
in 11/98.
• Barclays helped arrange and participated in a $500 million credit facility for JEDI in
5/98.
755. Barclays was willing to participate in the ongoing fraudulent scheme because such
participation provided enormous profits for Barclays as long as the Enron scheme could be continued
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