C.I.T. Financial Corp. Deal - Lehman Brothers Collection
C.I.T. Financial Corp.
|Company Deal||C.I.T. Financial Corporation: debentures|
|Deal Description||C.I.T. Financial Corporation offered $75,000,000 4 1/4% debentures in this transaction. Proceeds from the sale were intended to provide additional working funds for the company's subsidiaries, to be used initially to reduce short-term borrowings incurred from 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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