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