C.I.T. Financial Corp.
| Company Deal | C.I.T. Financial Corporation: 6 7/8% debentures due January 15, 1977 |
|---|---|
| Transaction Type | Debentures |
| Deal Description | C.I.T. Financial Corporation used the proceeds from the sale to provide additional working funds for the company and its subsidiaries, to be used initially to reduce short-term borrowings that were incurred for the purpose of purchasing receivables in the ordinary course of business. |