C.I.T. Financial Corp. Deal - Lehman Brothers Collection
C.I.T. Financial Corp.
|Company Deal||C.I.T. Financial Corporation: 7 5/8% debentures due December 1, 1981|
|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.|
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