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Prospect News home > News index > List of issuers T > Headlines for Tenders 2009 > News item |
Icahn tender offer for CIT notes open to holders 'large and small'
By Angela McDaniels
Tacoma, Wash., Oct. 29 - CIT Group Inc. investor Carl Icahn clarified that the tender offer his affiliates plan to hold for some of the company's notes will be open to all holders of those notes, not just small noteholders.
"While it is our intention to benefit the multitudes of smaller CIT noteholders, who we feel have been disadvantaged by CIT's restructuring process [...] our tender offer is, in fact, open to all holders of those notes, large and small," Icahn said in a news release.
If CIT's pre-packaged plan of reorganization does not receive the votes needed for approval and the company's related exchange offers are not consummated, Icahn's tender offer will begin shortly thereafter.
Icahn reiterated that holders who wish to participate in his offer cannot participate in CIT's exchange offers and must vote all of their notes to reject CIT's plan no later than Oct. 29.
The purchase price under Icahn's offer will be $600 per $1,000 principal amount of notes. The notes that will be eligible for the offer are listed in the table below.
Brokers or financial advisers acting on behalf of noteholders will be paid $5.00 for each $1,000 principal amount of notes they tender into Icahn's offer.
The tender offer will not be subject to any financing condition, and it will not be conditioned on the tender of any minimum principal amount of notes.
Noteholders with questions about Icahn's offer can contact Vincent Intrieri (212 702-4328), Stephen Mongillo (212 702-4343) or information agent Innisfree M&A Inc. (888 750-5834 or 212 750-5833).
CIT is a New York-based lender to small businesses and middle-market companies.
CIT Group notes eligible for Icahn tender offer
3.85% notes due Nov. 15, 2009
4.63% notes due Nov. 15, 2009
5.05% notes due Nov. 15, 2009
5% notes due Nov. 15, 2009
5% notes due Nov. 15, 2009
5% notes due Nov. 15, 2009
3.95% notes due Dec. 15, 2009
4.8% notes due Dec. 15, 2009
4.7% notes due Dec. 15, 2009
4.85% notes due Dec. 15, 2009
6¼% notes due Dec. 15, 2009
6½% notes due Dec. 15, 2009
4.05% notes due Feb. 15, 2010
5.15% notes due Feb. 15, 2010
5.05% notes due Feb. 15, 2010
6¼% notes due Feb. 15, 2010
6½% notes due Feb. 15, 2010
4.3% notes due March 15, 2010
5.05% notes due March 15, 2010
5.15% notes due March 15, 2010
4.9% notes due March 15, 2010
4.85% notes due March 15, 2010
6½% notes due March 15, 2010
4.45% notes due May 15, 2010
5¼% notes due May 15, 2010
4.3% notes due June 15, 2010
4.35% notes due June 15, 2010
5.3% notes due June 15, 2010
4.6% notes due Aug. 15, 2010
5.45% notes due Aug. 15, 2010
5½% notes due Aug. 15, 2010
4¼% notes due Sept. 15, 2010
5¼% notes due Sept. 15, 2010
5.05% notes due Nov. 15, 2010
5¼% notes due Nov. 15, 2010
5¼% notes due Nov. 15, 2010
5¼% notes due Nov. 15, 2010
5% notes due Dec. 15, 2010
5.05% notes due Dec. 15, 2010
4.9% notes due Dec. 15, 2010
5¼% notes due Dec. 15, 2010
6½% notes due Dec. 15, 2010
6½% notes due Jan. 15, 2011
5.15% notes due Feb. 15, 2011
5.15% notes due Feb. 15, 2011
6.6% notes due Feb. 15, 2011
5.05% notes due March 15, 2011
5% notes due March 15, 2011
4.9% notes due March 15, 2011
5% notes due March 15, 2011
6¾% notes due March 15, 2011
6½% notes due March 15, 2011
5.15% notes due April 15, 2011
5.4% notes due May 15, 2011
5.35% notes due June 15, 2011
5.35% notes due Aug. 15, 2011
5.2% notes due Sept. 15, 2011
5.2% notes due Nov. 15, 2011
5¼% notes due Nov. 15, 2011
5¼% notes due Nov. 15, 2011
5¼% notes due Nov. 15, 2011
4.85% notes due Dec. 15, 2011
5% notes due Dec. 15, 2011
5¼% notes due Feb. 15, 2012
5.15% notes due Feb. 15, 2012
7¼% notes due Feb. 15, 2012
7% notes due Feb. 15, 2012
5% notes due March 15, 2012
5% notes due March 15, 2012
7¼% notes due March 15, 2012
5¾% notes due Aug. 15, 2012
5½% notes due Nov. 15, 2012
5½% notes due Nov. 15, 2012
5½% notes due Dec. 15, 2012
7% notes due Dec. 15, 2012
7¼% notes due Dec. 15, 2012
7.3% notes due Dec. 15, 2012
6.15% notes due Jan. 15, 2013
6¼% notes due Jan. 15, 2013
6.15% notes due Jan. 15, 2013
6¼% notes due Jan. 15, 2013
7½% notes due Jan. 15, 2013
6¼% notes due Feb. 15, 2013
6.2% notes due Feb. 15, 2013
6% notes due Feb. 15, 2013
7.6% notes due Feb. 15, 2013
6.15% notes due Feb. 15, 2013
7¾% notes due March 15, 2013
7.9% notes due March 15, 2013
7¼% notes due March 15, 2013
6% notes due March 15, 2013
6% notes due March 15, 2013
6.1% notes due March 15, 2013
6¼% notes due March 15, 2013
6.15% notes due April 15, 2013
6.15% notes due April 15, 2013
6.05% notes due April 15, 2013
6.05% notes due May 15, 2013
4.95% notes due May 15, 2013
4.95% notes due May 15, 2013
4.88% notes due June 15, 2013
4.85% notes due June 15, 2013
4.6% notes due June 15, 2013
4.45% notes due June 15, 2013
5.05% notes due July 15, 2013
4.65% notes due July 15, 2013
4¾% notes due July 15, 2013
5% notes due July 15, 2013
4¾% notes due July 15, 2013
5.3% notes due Aug. 15, 2013
5½% notes due Aug. 15, 2013
5½% notes due Aug. 15, 2013
5.4% notes due Sept. 15, 2013
5½% notes due Sept. 15, 2013
5¼% notes due Sept. 15, 2013
5.2% notes due Sept. 15, 2013
5.2% notes due Oct. 15, 2013
5.2% notes due Oct. 15, 2013
5¼% notes due Oct. 15, 2013
5.3% notes due Nov. 15, 2013
5.1% notes due Nov. 15, 2013
5.2% notes due Dec. 15, 2013
5.4% notes due Dec. 15, 2013
5.1% notes due Jan. 15, 2014
4.85% notes due Jan. 15, 2014
5% notes due Feb. 15, 2014
4.9% notes due Feb. 15, 2014
7.85% notes due Feb. 15, 2014
7.65% notes due Feb. 15, 2014
4.8% notes due March 15, 2014
4.6% notes due March 15, 2014
7.85% notes due March 15, 2014
4.8% notes due April 15, 2014
5.1% notes due April 15, 2014
5¼% notes due May 15, 2014
5.8% notes due May 15, 2014
5.7% notes due June 15, 2014
5¾% notes due June 15, 2014
5¾% notes due June 15, 2014
5.85% notes due June 15, 2014
6% notes due June 15, 2014
5.65% notes due July 15, 2014
5.3% notes due July 15, 2014
5.2% notes due Aug. 15, 2014
5.3% notes due Aug. 15, 2014
6% notes due Aug. 15, 2014
6% notes due Aug. 15, 2014
5¼% notes due Sept. 15, 2014
5.05% notes due Sept. 15, 2014
4.9% notes due Oct. 15, 2014
5.1% notes due Oct. 15, 2014
5.05% notes due Nov. 15, 2014
5.125% notes due Dec. 15, 2014
5.1% notes due Dec. 15, 2014
5.05% notes due Jan. 15, 2015
4.95% notes due Feb. 15, 2015
4.9% notes due Feb. 15, 2015
7.9% notes due Feb. 15, 2015
5.1% notes due March 15, 2015
5.05% notes due March 15, 2015
5.375% notes due April 15, 2015
5¼% notes due May 15, 2015
5.3% notes due May 15, 2015
5.1% notes due June 15, 2015
5.05% notes due June 15, 2015
5.2% notes due June 15, 2015
5.3% notes due Aug. 15, 2015
5.375% notes due Aug. 15, 2015
5¼% notes due Sept. 15, 2015
5.1% notes due Sept. 15, 2015
5½% notes due Nov. 15, 2015
5.8% notes due Nov. 15, 2015
5¾% notes due Dec. 15, 2015
5.8% notes due Dec. 15, 2015
5.85% notes due March 15, 2016
5.8% notes due March 15, 2016
6% notes due March 15, 2016
5.88% notes due April 15, 2016
6.05% notes due May 15, 2016
6.15% notes due May 15, 2016
6.1% notes due June 15, 2016
6.1% notes due June 15, 2016
6.2% notes due Aug. 15, 2016
6.13% notes due Aug. 15, 2016
6.05% notes due Sept. 15, 2016
5.95% notes due Sept. 15, 2016
6% notes due Nov. 15, 2016
5.95% notes due Nov. 15, 2016
5.8% notes due Dec. 15, 2016
5.65% notes due Dec. 15, 2016
5.7% notes due Dec. 15, 2016
5.7% notes due Dec. 15, 2016
5.85% notes due Feb. 15, 2017
5.95% notes due Feb. 15, 2017
5.85% notes due Feb. 15, 2017
5.8% notes due Feb. 15, 2017
5¾% notes due March 15, 2017
5¾% notes due March 15, 2017
5.7% notes due March 15, 2017
5.65% notes due March 15, 2017
5¾% notes due March 15, 2017
5¾% notes due May 15, 2017
5.8% notes due May 15, 2017
5.8% notes due May 15, 2017
6% notes due June 15, 2017
6% notes due June 15, 2017
6.1% notes due June 15, 2017
6¼% notes due June 15, 2017
6¼% notes due Aug. 15, 2017
6¼% notes due Nov. 15, 2017
6¼% notes due Nov. 15, 2017
6¼% notes due Nov. 15, 2017
6.4% notes due Nov. 15, 2017
6½% notes due Nov. 15, 2017
6½% notes due Dec. 15, 2017
7½% notes due Dec. 15, 2017
7¾% notes due Dec. 15, 2017
7.8% notes due Dec. 15, 2017
6¼% notes due Aug. 15, 2021
6.35% notes due Aug. 15, 2021
6.15% notes due Sept. 15, 2021
6¼% notes due Sept. 15, 2021
6.1% notes due Nov. 15, 2021
6¼% notes due Nov. 15, 2021
5.85% notes due Dec. 15, 2021
5.875% notes due Dec. 15, 2021
5.9% notes due Dec. 15, 2021
6% notes due Dec. 15, 2021
5.95% notes due Feb. 15, 2022
6% notes due Feb. 15, 2022
6% notes due Feb. 15, 2022
6.05% notes due Feb. 15, 2022
5.85% notes due March 15, 2022
5.85% notes due March 15, 2022
5.85% notes due March 15, 2022
5.9% notes due March 15, 2022
5.95% notes due March 15, 2022
6% notes due May 15, 2022
6% notes due May 15, 2022
6% notes due May 15, 2022
6.15% notes due June 15, 2022
6.2% notes due June 15, 2022
6¼% notes due June 15, 2022
6½% notes due June 15, 2022
6½% notes due Aug. 15, 2022
6½% notes due Aug. 15, 2022
6.7% notes due Nov. 15, 2022
6¾% notes due Nov. 15, 2022
6¾% notes due Dec. 15, 2022
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