C.I.T. Financial Corp.
| Company Deal | C.I.T. Financial Corporation: cumulative preference stock $5 series of 1965 |
|---|---|
| Transaction Type | Cumulative Preference Stock |
| 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. Proceeds may also have been used for its business at the time, as well as future acquisitions. |