8-KExhibits & Filings

CITIGROUP INC 8-K Report, Exhibit Filing (Dec 19, 2023)

Filed December 19, 2023For Securities:CC-PNC-PR

Summary

Citigroup Inc. (C) has filed a Current Report on Form 8-K, primarily disclosing the execution of two supplemental indentures on December 18, 2023. These indentures relate to existing debt agreements, specifically the Fifth Supplemental Indenture to the Indenture dated as of November 13, 2013, and the Third Supplemental Indenture to the Indenture dated as of March 8, 2016. The first indenture involves Citigroup Inc. directly as the obligor, while the second involves Citigroup Global Markets Holdings Inc. as the issuer with Citigroup Inc. acting as guarantor, both with The Bank of New York Mellon as trustee. The filing does not contain new financial statements or significant operational updates but serves to formally record these amendments to the company's debt structure.

Key Highlights

  • 1Disclosure of two supplemental indentures executed on December 18, 2023.
  • 2Fifth Supplemental Indenture pertains to the November 13, 2013 Indenture.
  • 3Third Supplemental Indenture relates to the March 8, 2016 Indenture.
  • 4Citigroup Inc. is a party to the Fifth Supplemental Indenture.
  • 5Citigroup Global Markets Holdings Inc. is the issuer in the Third Supplemental Indenture, with Citigroup Inc. as guarantor.
  • 6The Bank of New York Mellon acts as trustee for both supplemental indentures.
  • 7The filing primarily concerns debt covenants and structure, not financial performance or operational changes.

Frequently Asked Questions

The primary purpose of this 8-K filing is to publicly disclose the execution of two supplemental indentures that amend existing debt agreements. This is a procedural filing to ensure transparency regarding changes in the company's debt structure.

No, these filings indicate amendments or supplements to existing indentures, not the issuance of new debt. They are adjustments to the terms or covenants of previously established debt instruments.

When Citigroup Inc. acts as a guarantor, it means the parent company is providing a guarantee for the debt obligations of its subsidiary, Citigroup Global Markets Holdings Inc. This provides an additional layer of security for the bondholders.

No, this specific 8-K filing is procedural and focuses solely on the execution of debt-related supplemental indentures. It does not contain any financial statements, operational updates, or forward-looking statements regarding the company's performance or outlook.