C.I.T. Financial Corp.
| Company Deal | C.I.T. Financial Corporation: debentures |
|---|---|
| Transaction Type | Debentures |
| Deal Description | C.I.T. Financial Corporation offered $100,000,000 3 5/8% debentures in this transaction. Proceeds from the sale were intended to provide additional working funds for the company's subsidiaries, to be used initially for purchasing receivables, and for other corporate purposes. The major portion of such funds was made available to the automobile- financing subsidiaries. |