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: $150,000,000 9 1/2% debentures due June 1, 1995
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, 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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