• Citigroup raised USD 1.29 billion waterfall cap for cash tender offers on three series of outstanding notes, up from USD 1.25 billion.
• Level 3 notes will be prorated by about 19.7%, with USD 146.85 million principal accepted; remaining tenders will be returned.
• Total consideration per USD 1,000 principal set at USD 881.68 for 4.650% Notes due 2048, USD 840 for 4.281% Fixed Rate/Floating Rate Callable Senior Notes due 2048, USD 741.6 for 2.904% Fixed Rate/Floating Rate Notes due 2042.
• Early settlement for notes accepted by May 5 expected May 11; offers expire May 20.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Citigroup Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 202605061615BIZWIRE_USPR_____20260506_BW478700) on May 06, 2026, and is solely responsible for the information contained therein.