CIT Group: Commences Exchange Offer to Bolster Bank Bid - Company Article - 2008/11/17 - CreditSights

Report title: CIT Group: Commences Exchange Offer to Bolster Bank Bid

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2021 word report published Nov 17, 2008

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Abstract: CIT launched two exchange offers to raise capital in support of its bank holding company application. Bondholders must weigh taking some cash and a higher coupon for structural subordination

Brief Excerpt: CIT Group: Commences Exchange Offer to Bolster Bank Bid CIT announced two exchange offers encompassing senior notes and outstanding equity units related to its mandatory convertible senior notes The move reflects CIT's efforts to bolster...

Report Type: Company Article
Source: CreditSights Inc
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