C.I.T. Financial Corp.
| Company Deal | C.I.T. Financial Corporation: $150,000,000 9 1/2% debentures due June 1, 1995 |
|---|---|
| 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, 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. |