Lone Star Completes Accredited Purchase

Lone Star Fund V (U.S.) LP, Dallas, has completed its acquisition of Accredited Home Lenders Holding Co., San Diego, at the revised price of $11.75 per share in cash.The deal takes Accredited private, and the company is requesting that its common stock be delisted from the NASDAQ Stock Market. However, the 9.75% series A perpetual cumulative preferred shares (par value $1.00) of Accredited Mortgage Loan REIT Trust will remain outstanding and trade on the New York Stock Exchange. Of the current members of Accredited's board, only James A. Konrath, chairman and chief executive, and Joseph J. Lydon, president and chief operating officer, remain. Lone Star appointed six representatives of its own as directors: Len Allen, Michael Thompson, Marc Lipshy, Catharon Miller, Leigh Rea, and Benjamin D. Velvin III. Accredited can be found online at http://www.accredhome.com.