8-K 1 file001.htm FORM 8-K


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                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

                     Pursuant to Section 13 or 15(d) of the

                         Securities Exchange Act of 1934


        Date of report (Date of earliest event reported) December 3, 2004


                  Citigroup Commercial Mortgage Securities Inc.

             (Exact Name of Registrant as Specified in Its Charter)

Delaware                          333-108125                 13-3439681
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(State or Other Jurisdiction      (Commission                (IRS Employer
of Incorporation)                 File Number)               Identification No.)


388 Greenwich Street, New York, New York                       10013
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(Address of Principal Executive Offices)                     (Zip Code)


Registrant's telephone number, including area code  (212) 816-6000
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                                       N/A
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          (Former Name or Former Address, if Changed Since Last Report)


Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:

[ ]  Written communications pursuant to Rule 425 under the Securities Act
     (17 CFR 230.425)

[ ]  Soliciting material pursuant to Rule 14a-12(b) under the Exchange Act
     (17 CFR 240.14a-12)

[ ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the
     Exchange Act (17 CFR 240.14d-2(b))

[ ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the
     Exchange Act (17 CFR 240.13e-4(c))




Section 8 -- Other Events
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Item 8.01.  Other Events.
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It is expected that during December 2004, a single series of certificates,
expected to be titled Citigroup Commercial Mortgage Trust 2004-C2, Commercial
Mortgage Pass-Through Certificates, Series 2004-C2 (the "Certificates"), will be
issued pursuant to a pooling and servicing agreement (the "Pooling and Servicing
Agreement"), to be entered into by and among Citigroup Commercial Mortgage
Securities Inc. (the "Registrant"), a master servicer, a special servicer and a
trustee. It is expected that certain classes of the Certificates (the
"Underwritten Certificates") will be registered under the Registrant's
registration statement on Form S-3 (no. 333-108125) and sold to PNC Capital
Markets, Inc., Deutsche Bank Securities Inc. and J.P. Morgan Securities Inc.
(each an "Underwriter") including Citigroup Global Markets Inc. ("CGMI"),
pursuant to an underwriting agreement (the "Underwriting Agreement") to be
entered into by and between the Registrant and the Underwriter.

     In connection with the expected sale of the Underwritten Certificates, the
Registrant has been advised that one or more prospective investors have been
furnished with certain information attached hereto as Exhibit 99.1, that
constitute "Computational Materials" (as defined in the no-action letter dated
May 20, 1994 issued by the Division of Corporation Finance of the Securities and
Exchange Commission (the "Commission") to Kidder, Peabody Acceptance Corporation
I, Kidder, Peabody & Co. Incorporated, and Kidder Structured Asset Corporation
and the no-action letter dated May 27, 1994 issued by the Division of
Corporation Finance of the Commission to the Public Securities Association)
and/or "ABS Term Sheets" (as defined in the no-action letter dated February 17,
1995 issued by the Division of Corporation Finance of the Commission to the
Public Securities Association).

     The Computational Materials and ABS Term Sheets attached hereto have been
prepared and provided to the Registrant by one or more of the Underwriters. The
information in such Computational Materials and/or ABS Term Sheets is
preliminary and will be superseded by the final prospectus supplement relating
to the Underwritten Certificates and by any other information subsequently filed
with the Commission. To the extent any Computational Materials and/or ABS Term
Sheets previously filed by the Registrant with respect to the Underwritten
Certificates are inconsistent with the Computational Materials and/or ABS Term
Sheets attached hereto, such previously filed Computational Materials and ABS
Term Sheets are superseded by the Computational Materials and/or ABS Term Sheets
attached hereto.



Section 9 -- Financial Statements and Exhibits.
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Item 9.01.  Financial Statements and Exhibits.
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(a)  Financial statements of businesses acquired:
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     Not applicable.

(b)  Pro forma financial information:
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     Not applicable.

(c)  Exhibits:
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Exhibit No.  Description

99.1         Certain materials constituting ABS Term Sheets prepared and
             disseminated in connection with the expected sale of the
             Underwritten Certificates.



                                   SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.


Date:   December 7, 2004


                                       CITIGROUP COMMERCIAL MORTGAGE
                                       SECURITIES INC.


                                       By: /s/ Angela Vleck
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                                           Name:  Angela Vleck
                                           Title: Managing Director



                                  EXHIBIT INDEX

The following exhibits are filed herewith:


Exhibit No.
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99.1         Certain materials constituting ABS Term Sheets prepared and
             disseminated in connection with the expected sale of the
             Underwritten Certificates.