Comments on: CIT Offers Debt Exchange, Draws Up Bankruptcy Plans http://moneymorning.com/2009/10/03/cit-banking/ Global Investment News Mon, 13 Feb 2012 18:06:25 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Bondholders the Big Winners as CIT Files for Bankruptcy http://moneymorning.com/2009/10/03/cit-banking/comment-page-1/#comment-9368 Bondholders the Big Winners as CIT Files for Bankruptcy Thu, 17 Dec 2009 15:59:32 +0000 http://www.moneymorning.com/?p=9229#comment-9368 [...] the Treasury Department refused the company’s pleas for another capital infusion, CIT attempted to circumvent bankruptcy by arranging a bond exchange offer. However, the company failed to persuade its bondholders to swap $30 billion in [...] [...] the Treasury Department refused the company's pleas for another capital infusion, CIT attempted to circumvent bankruptcy by arranging a bond exchange offer. However, the company failed to persuade its bondholders to swap $30 billion in [...]

]]> By: Investment News Briefs http://moneymorning.com/2009/10/03/cit-banking/comment-page-1/#comment-7941 Investment News Briefs Wed, 28 Oct 2009 09:01:13 +0000 http://www.moneymorning.com/?p=9229#comment-7941 [...] investor Carl Icahn is trying to block commercial lender CIT Group Inc.’s (NYSE: CIT) $30 billion debt exchange offer, telling unsecured bondholders he will pay them 60 cents on the dollar if they agree to reject the [...] [...] investor Carl Icahn is trying to block commercial lender CIT Group Inc.'s (NYSE: CIT) $30 billion debt exchange offer, telling unsecured bondholders he will pay them 60 cents on the dollar if they agree to reject the [...]

]]> By: Investment News Briefs http://moneymorning.com/2009/10/03/cit-banking/comment-page-1/#comment-7778 Investment News Briefs Tue, 20 Oct 2009 09:01:09 +0000 http://www.moneymorning.com/?p=9229#comment-7778 [...] willing to loan ailing commercial lender CIT Group Inc. (NYSE: CIT) $6 billion to replace the debt exchange offer the company is attempting as a last-ditch effort to avoid bankruptcy.  CIT acknowledged the letter [...] [...] willing to loan ailing commercial lender CIT Group Inc. (NYSE: CIT) $6 billion to replace the debt exchange offer the company is attempting as a last-ditch effort to avoid bankruptcy.  CIT acknowledged the letter [...]

]]>