Citigroup extends tender offers for notes issued by Bryant Park CDO

By Jennifer Chiou

New York, Aug. 9 - Citigroup Global Markets Inc. announced the extension of its tender offer for any and all of the $40 million of income notes due 2019 issued by Bryant Park CDO Ltd.

Also extended was the tender offer for any and all of the following notes issued by Bryant Park CDO Ltd. and Bryant Park CDO Inc.:

• $23 million of class A-1 floating-rate senior notes due 2019;

• $28 million of class A-2 floating-rate senior notes due 2019;

• $30 million of class B floating-rate deferrable senior subordinated notes due 2019; and

• $21 million of class C floating-rate deferrable senior subordinated notes due 2019.

The offers were prolonged to 11:59 p.m. ET on Aug. 9 from Aug. 5.

For each $1,000 principal amount of notes, Citigroup will pay $660 for Income Notes, $980 for class A-1 notes, $970 for class A-2 notes, $940 for class B notes and $920 for class C notes.

The company will also pay accrued interest up to but excluding the settlement date on all but the Income Notes.

Tenders of Income Notes will be accepted in any denomination. Tenders of the remaining notes will only be accepted in minimum denominations of $500,000.

Of the $23 million class A-1 notes issued, $2,569,950.37 remains outstanding. Citigroup said the issues under Cusip G16522AA5 and Cusip 11765TAA6 have had a principal pay down, and the purchase price reflects consideration after such pay down.

The offers are conditioned on the receipt of tenders for at least $15.18 million of the Income Notes. They are not conditioned on financing.

Global Bondholder Services Corp. is the information agent and depositary (212 430-3774 or 866 294-2200). Questions may be directed to Citi's John Clements (212 723-6173).

Citigroup is a financial services company based in New York.

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