8-KExhibits & Filings

CITIGROUP INC 8-K Report, Exhibit Filing (Dec 29, 2016)

Filed December 29, 2016For Securities:CC-PNC-PR

Summary

Citigroup Inc. (C) filed a Form 8-K on December 29, 2016, primarily to disclose the execution of a Second Supplemental Indenture. This indenture, dated December 29, 2016, was entered into between Citigroup Inc. and The Bank of New York Mellon, acting as trustee. It serves as a supplement to an existing Indenture dated November 13, 2013. For investors, this filing indicates an update to the company's debt structure or covenants. While the specific terms and implications of the supplemental indenture are not detailed within the 8-K itself (as it's filed as an exhibit), it suggests a formal amendment or addition to the terms governing Citigroup's outstanding debt. Investors should review the supplemental indenture document for a comprehensive understanding of any changes to the rights of bondholders, covenants, or other debt-related provisions.

Key Highlights

  • 1Citigroup Inc. filed a Form 8-K on December 29, 2016.
  • 2The primary purpose of the filing is to report on a new debt-related agreement.
  • 3A Second Supplemental Indenture was executed on December 29, 2016.
  • 4The parties to the indenture are Citigroup Inc. and The Bank of New York Mellon (as trustee).
  • 5This supplemental indenture amends or adds to an existing Indenture dated November 13, 2013.
  • 6The filing is primarily informational regarding debt covenants and terms.
  • 7The full details of the indenture are available as an exhibit to this filing.

Frequently Asked Questions

The main purpose of this 8-K filing is to report the execution of a Second Supplemental Indenture between Citigroup Inc. and The Bank of New York Mellon, as trustee, which amends or supplements an existing indenture dated November 13, 2013.

A supplemental indenture is a legal document that modifies or adds to the terms of an original indenture, which is the contract governing a bond issuance. It can be used to change covenants, add new terms, or clarify existing ones.

This filing indicates that Citigroup has updated the terms or structure of its debt governed by the November 13, 2013, indenture. Investors interested in the specific impact on debt terms, covenants, or bondholder rights should review the actual text of the Second Supplemental Indenture filed as an exhibit.

The full text of the Second Supplemental Indenture dated December 29, 2016, is provided as Exhibit 4.01 to this Form 8-K filing. Investors can access this exhibit through the SEC's EDGAR database or the investor relations section of Citigroup's website to understand the specific changes.