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Struggling CIT Secures New $4.5B Loan

Struggling CIT Secures New $4.5B Loan

by Vicki M. Young

Posted Thursday October 29, 2009

From WWD Issue 10/29/2009

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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...

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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...

Read the full article by SUBSCRIBING today!

Subscribe now to WWD.COM, for complete access to breaking Business news and events that shape the world of fashion and retail.

Subscription includes:

• Immediate access to breaking Business news 24/7, now via WWD Mobile.
• Business content everyday on the dedicated Business channel.
• Business coverage in WWD Morning Report daily email newsletter delivered right to your inbox.
• Downloadable PDF of WWD daily issues for immediate worldwide access.
• Full access to all of WWD.COM including 12months of Archived content.
• Search, comment on, clip and save articles and images.
• Read it anytime, anywhere.
• Start your subscription now for only 27 cents per day!

Click to SUBSCRIBE

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