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: cumulative preference stock $5 series of 1965
Transaction TypeCumulative Preference Stock
Deal DescriptionC.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.
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