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) October 20, 2005


                  Citigroup Commercial Mortgage Securities Inc.


             (Exact Name of Registrant as Specified in Its Charter)


 Delaware                            333-127304                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 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 November 2005, a single series of certificates,
expected to be entitled, CD 2005-C1 Commercial Mortgage Trust, Commercial
Mortgage Pass-Through Certificates, Series 2005-C1 (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, a
trustee and a fiscal agent. 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. 333-127304) and sold to
Citigroup Global Markets Inc. ("CGMI"), PNC Capital Markets, Inc., Deutsche Bank
Securities Inc., Banc of America Securities LLC, Lehman Brothers Inc., Nomura
Securities International, Inc. and Wachovia Capital Markets, LLC (collectively
the "Underwriters") pursuant to an underwriting agreement between the Registrant
and the Underwriters.

         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 materials listed as Exhibit 99.1 hereto that constitute
"Computational Materials" (as defined in the no-action letter made available 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 made available May 27, 1994 issued by the Division of
Corporation Finance of the Commission to the Public Securities Association) and
"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/or 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/or 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: October 24, 2005


                                    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.