Citibank Transaction
19 November 2008 - 3:49PM
UK Regulatory
RNS Number : 5090I
Sedna Finance Corporation
19 November 2008
To: RNS
London Stock Exchange
10 Paternoster Square
London EC4M 7LS
Date: 19 November 2008
SEDNA FINANCE CORPORATION
Sedna Finance Corporation ("Sedna") has entered into a transaction, whereby Citibank, N.A. agreed with Sedna on 18 November 2008 to
purchase (at their current values) all remaining assets and assume all derivative contracts held by Sedna.
As part of this transaction Citi has agreed to ensure that Sedna will have sufficient funds to repay its senior debt /liabilities and
provide for the obligations to other secured creditors (other than in relation to Second Priority Senior Notes) as they fall due.
Citibank International plc
(as Manager of Sedna Finance Corporation)
This information is provided by RNS
The company news service from the London Stock Exchange
END
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