C.I.T. Financial Corp.
| Company Deal | C.I.T. Financial Corporation: 7 5/8% debentures due December 1, 1981 |
|---|---|
| Transaction Type | Debentures |
| Deal Description | C.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. |