Lehman Brothers Collection - Contemporary Business Archives

Harvard Business School Baker Library Historical Collections

Lehman Brothers Collection

Twentieth-Century Business Archives

C.I.T. Financial Corp. Deal - Lehman Brothers Collection

C.I.T. Financial Corp.

Company DealC.I.T. Financial Corporation: debentures
Transaction TypeDebentures
Deal DescriptionC.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.
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