January 18, 2017 12:14 PM ET

Consumer Finance

Company Overview of CitiFinancial Credit Company

Company Overview

CitiFinancial Credit Company provides various financial products and services to consumers, corporations, governments, and institutions in the United States and internationally. The company specializes in personal and home equity loans to consumers. It offers consumer banking and credit, corporate and investment banking, securities brokerage, wealth and asset management, credit cards, investments, and insurance products and services; and personal, first mortgage or home refinance, and home equity loans. CitiFinancial Credit Company was formerly known as Commercial Credit Company and changed its name to CitiFinancial Credit Company in August, 1999. The company was founded in 1912 and is based...

300 Saint Paul Place

Baltimore, MD 21202

United States

Founded in 1912

Phone:

410-332-3000

Fax:

410-332-3489

Key Executives for CitiFinancial Credit Company

Chief Executive Officer, President, and Chairman
Age: 56
Operations Manager
Compensation as of Fiscal Year 2016.

CitiFinancial Credit Company Key Developments

CitiFinancial Credit Company Announces Commencement of Cash Tender Offers

Citigroup Inc. announced the commencement of its offers to purchase for cash (i) any and all of CitiFinancial Credit Company’s 7.875% Notes due 2025 issued by CCC and (ii) the series of Citigroup’s 5.500% Notes due 2017 issued by Citigroup with maximum series tender cap of $615,000,000, 6.000% Notes due 2017 issued by Citigroup with maximum series tender cap of $915,000,000, 6.125% Notes due 2017 issued by Citigroup with maximum series tender cap of $2,025,000,000, 6.125% Notes due 2018 issued by Citigroup with maximum series tender cap of $1,365,000,000, 3.375% Notes due 2023 issued by Citigroup with maximum series tender cap of $125,000,000, 3.875% Notes due 2023 issued by Citigroup with maximum series tender cap of $200,000,000, 5.850% Notes due 2034 issued by Citigroup with maximum series tender cap of $20,000,000, 8.125% Notes due 2039 issued by Citigroup with maximum series tender cap of $125,000,000 and 4.950% Notes due 2043 issued by Citigroup with maximum series tender cap of $50,000,000. The Offers will expire at 11:59 p.m., New York City time, on December 21, 2015, unless extended or earlier terminated. Holders of Notes that are validly tendered and consents validly delivered on or prior to 5:00 p.m., New York City time, on December 7, 2015, unless extended and accepted for purchase shall be entitled to receive the total consideration calculated in the manner set in the Offer to Purchase and Consent Solicitation Statement, which includes an early tender premium in the amount. The Total Consideration with respect to each series of Notes will be equal to the price, determined in accordance with standard market practice that equates to a yield to maturity equal to the applicable fixed spread specified for each such series of Notes over the applicable reference yield, which shall be based on the bid-side price of the applicable Reference U.S. Treasury security, as of 2:00 p.m., New York City time, on December 8, 2015, using a fixed spread pricing formula.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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