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Prospect News home > News index > List of issuers T > Headlines for Tenders 2011 > News item
Published on 3/23/2011 in the Prospect News High Yield Daily and Prospect News Liability Management Daily.

CIT Group to use proceeds from 2014 note offering to retire 2013 notes

By Toni Weeks

San Diego, March 23 - CIT Group Inc. will use the proceeds from its offering of series C second-priority secured notes due 2014 to retire a portion of its series A second-priority secured notes due 2013 and pay related premiums, fees and expenses, according to a press release.

CIT is a New York-based provider of financing to small businesses and middle-market companies.


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