WWD.com/business-news/financial/struggling-cit-secures-new-4-5b-loan-2355767
financial
financial

October 29, 2009

Struggling CIT Secures New $4.5B Loan

financial/news

CIT Group Inc. secured a lifeline on Wednesday in the form of an additional $4.5 billion in financing from lenders and bondholders, its latest move to avoid a bankruptcy filing as it tries to obtain...