C.I.T. Financial Corp. Deal - Lehman Brothers Collection
C.I.T. Financial Corp.
|Company Deal||C.I.T. Financial Corporation: $150,000,000 8.85% debentures due December 1, 1982|
|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 that were incurred for the purpose of purchasing receivables in the ordinary course of business by the corporation,s business and consumer financing operations.|
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