Tarnished lead mogul’s $736M offer sours

Howard Meyers, the lead tycoon accused of bilking his creditors out of $2 billion, is having no luck settling the dispute.

Meyers-controlled EB Holdings II said it made a sweetened $735.9 million cash settlement offer last month to the creditors — including New York hedge fund GoldenTree Asset Management — but the creditors apparently soured on it.

The offer was contingent on Mey- ers securing financing. A response from the lender group, Meyers said in an e-mail to The Post, was not what the mogul expected.

“I can advise you that it is unacceptable, ”Meyers said. He declined to elaborate.

The creditors had filed an involuntary Chapter 11 against EB Holdings in a Nevada bankruptcy court earlier this year after the company defaulted on a $633 million loan. The loan accrued $1.4 billion in interest and charges.

EB Holdings had proposed a re- structuring plan that included $618.1 million in new five-year notes plus a majority stake in the holding company. EB’s sole asset is an 87 percent stake in Eco-Bat Technologies, a carbattery recycler.

Creditors would receive the notes if Meyers’ financing for the cash deal fell through. In either case, the offers were contingent on creditors dropping a separate state court action alleging Meyers used company cash for his personal gain.

Among the creditors’ claims is that Meyers “paid himself and his family hundreds of millions of dollars, plus hundreds more through lucrative (and highly questionable) management and service contracts.”

Meanwhile, on Monday, there will be a hearing to compel EB Holdings to produce documents in the 2016 Nevada state court suit. Meyers, in an email to The Post, said many of the documents in question had already been provided.

Lawyers for the creditors declined to comment.