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: debentures
Transaction TypeDebentures
Deal DescriptionC.I.T. Financial Corporation offered $75,000,000 4 1/4% debentures in this transaction. Proceeds from the sale were intended to provide additional working funds for the company's subsidiaries, to be used initially to reduce short-term borrowings incurred from purchasing receivables, and for other corporate purposes. The major portion of such funds was made available to the automobile- financing subsidiaries.
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