NEW YORK--(BUSINESS WIRE)--Citigroup Global Market Inc. (“Citi”) announced today the extension of the previously announced tender offers (the “Offers”) to purchase (i) any and all of the outstanding U.S. $40,000,000 Income Notes Due 2019 (the “Income Notes”) issued by Bryant Park CDO Ltd., an exempted company incorporated with limited liability under the laws of the Cayman Islands (the “Issuer”) and (ii) any and all of the outstanding U.S. $23,000,000 Class A-1 Floating Rate Senior Notes Due 2019, U.S. $28,000,000 Class A-2 Floating Rate Senior Notes Due 2019, U.S. $30,000,000 Class B Floating Rate Deferrable Senior Subordinate Notes Due 2019 and U.S. $21,000,000 Class C Floating Rate Deferrable Senior Subordinate Notes Due 2019 (collectively the “Senior Notes” and, together with the Income Notes, the “Notes”) issued by the Issuer and Bryant Park CDO Inc., a Delaware corporation (the “Co-Issuer” and, together with the Issuer, the “Issuers”) to 11:59 p.m. New York City Time on August 8, 2011. Accordingly, all holders of Notes that are validly tendered at or prior to 11:59 p.m. New York City Time on August 8, 2011, unless extended or earlier terminated (such date and time, the Expiration Time), and that are accepted for purchase pursuant to the Offers will receive the applicable tender offer consideration plus, in the case of the Senior Notes, the amount of accrued and unpaid interest thereon, if any, from the last interest payment date up to, but not including, the settlement date for such Senior Notes purchased by Citi in the Offers.
Withdrawal rights in connection with the Offers expired at the Withdrawal Deadline, which was 11:59 p.m. New York City Time on August 5, 2011. Tendered Notes, whether submitted prior or subsequent to such time, may not be withdrawn.
The Offers are being made upon and subject to the terms and conditions set forth in the Offer to Purchase Senior Notes dated July 11, 2011 and the Offer to Purchase Income Notes dated July 11, 2011, as amended by Supplement No. 1 thereto dated July 15, 2011.
Additional Information
Global Bondholder Services Corporation is the Information Agent and Depositary for the Offers. Questions regarding the Offers should be directed to Citi, attention John Clements, Managing Director, Structured Credit Group at (212) 723-6173 (collect). Requests for documentation should be directed to Global Bondholder Services Corporation at (212) 430-3774 (for banks and brokers only) or (866) 294-2200 (for all others toll-free). This announcement is for informational purposes only. This announcement is not an offer to purchase or a solicitation of an offer to purchase with respect to any Notes. The Offers were made solely pursuant to the Offer to Purchase and related documents. The Offers were not made to holders of Notes in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities, blue sky or other laws of such jurisdiction.
Citi, the leading global financial services company, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.
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