C.I.T. Financial Corporation
| Company Deal | $50,000,000 2 5/8% debentures, due April 1, 1949 |
|---|---|
| Transaction Type | Debentures |
| Deal Description | C.I.T. Financial Corporation used the net proceeds from this transaction by adding them to the working capital of the corporation. Subsidiaries received additional working funds in order to purchase motor and other retail installment receivables, wholesale motor receivables, factory receivables, and miscellaneous other receivables, and for other corporate purposes. |