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: 7 5/8% debentures due December 1, 1981
Transaction TypeDebentures
Deal DescriptionC.I.T. Financial Corporation used the proceeds from the sale to provide additional working funds for the company and its subsidiaries. The proceeds were to be used initially to reduce short-term borrowings that were incurred for the purpose of purchasing receivables. Proceeds may also have been used for its business at the time.
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