CIT Group Incorporated
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CIT Group files for Chapter 11 protection
www.hometextilestoday.com | Nov 2, 2009
New York — CIT Group filed for Chapter 11 bankruptcy protection Sunday, in an effort to wipe away billions of dollars of debt after bondholders rejected an alternative debt-swap offer.
http://www.hometextilestoday.com/article/CA6704734.html?nid=3780
NYSE, New York Stock Exchange > About Us > News & Events > News Releases > Press Release 11-02-2009
www.nyse.com
, November 2, 2009 – NYSE Regulation, Inc. (“NYSE Regulation”) announced today that it determined that the common stock of CIT Group Inc.
http://www.nyse.com/press/1257160882853.html?sa_campaign=/rss/newsreleases/NYSE.comNewsReleases
CIT Group rebuffs Icahn, lines up $4.5 billion in credit
www.furnituretoday.com | Oct 28, 2009
NEW YORK — Troubled lender CIT Group said Wednesday that it had expanded its current $3 billion senior secured credit facility by an additional $4.5 billion.
CIT Group again amends debt exchange offer
www.homeaccentstoday.com | Oct 27, 2009
Troubled lender CIT Group again amended its offer last week for a debt exchange to gain support for its restructuring plan in an effort to fend off bankruptcy.
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CIT Group Inc. (CITGQ.PK) Corporate Event Announcement Notice - Zibb.com
Nov 23, 2009 (Wall Street Horizon via COMTEX) --
CIT Group Inc. (CITGQ.PK)
Expected next earnings release: Announcement date: 2/15/2010 - After Market Earnings Quarter: Q4 Announcement Status: Unconfirmed
Tags: corporate earnings market
Companies: CIT Group, Inc. (THE) (CITGQ)
Recovery rate with respect to CIT Group Inc. - Zibb.com
MONTREAL, Nov. 23, 2009 (Canada NewsWire via COMTEX) --
Global Diversified Investment Grade Income Trust ("Global DIGIT") (TSX: DG.UN) announces that further to its press release dated November 4, 2009 announcing the CIT Group Inc. default, the recovery rate with respect to this default was established at 68.125%.
Subsequent to this default and based on the recovery realized, the subordination levels (attachment points) and detachment points of the affected exposures of the portfolios D2, D3, E2, E3, F2 and F3, have been lowered by 0.31875%. As a result, the number of additional defaults Global DIGIT may sustain before being affected was reduced. Global DIGIT will not suffer a loss due to this default. The new subordination levels (attachment points) and detachment points, taking into account all prior defaults, are detailed in the table below:
<<
-------------------------------------------------------------------------
As at November 20, At Inception
2009
Subordina- Subordina-
Corporate tion tion
Debt (Attachment Detachment (Attachment Detachment
Portfolio Exposure Point) Point Point) Point
-------------------------------------------------------------------------
D 1 5.89% 7.34% 9.55% 11.00%
2 7.45% 9.45% 11.00% 13.00%
3 6.85% 8.85% 11.00% 13.00%
4 5.43% 7.13% 7.85% 9.55%
5 6.85% 8.30% 9.55% 11.00%
-------------------------------------------------------------------------
E 1 7.34% 9.34% 11.00% 13.00%
2 6.00% 7.45% 9.55% 11.00%
3 3.70% 5.40% 7.85% 9.55%
4 7.13% 8.58% 9.55% 11.00%
5 8.30% 10.30% 11.00% 13.00%
-------------------------------------------------------------------------
F 1 7.34% 9.34% 11.00% 13.00%
2 7.45% 9.45% 11.00% 13.00%
3 5.40% 6.85% 9.55% 11.00%
4 7.13% 8.58% 9.55% 11.00%
5 5.15% 6.85% 7.85% 9.55%
-------------------------------------------------------------------------
>>
About Global DIGIT
Global DIGIT provides an economic interest in a mezzanine tranche of credit default swap agreements in respect of portfolios of corporate CDO exposures, mortgage-backed securities and asset-backed securities.
SOURCE: GLOBAL DIVERSIFIED INVESTMENT GRADE INCOME TRUST
Francois Rivard, (514) 879-6405, http://info.fbn.ca/trusts
Tags: corporate debt investment mortgage securities
Companies: CIT Group, Inc. (THE) (CITGQ), Global Diversified Investment Grade Income Trust (DG.UN)
CIT Group Inc. (CITGQ.PK) Corporate Event Announcement Notice - Zibb.com
Nov 19, 2009 (Wall Street Horizon via COMTEX) --
CIT Group Inc. (CITGQ.PK)
Expected next earnings release: Announcement date: 11/25/2009 - Before Market Earnings Quarter: Q3 Announcement Status: Unconfirmed
Tags: corporate earnings market
Companies: CIT Group, Inc. (THE) (CITGQ)
CIT Group Inc. (CITGQ.PK) Corporate Event Announcement Notice - Zibb.com
Nov 20, 2009 (Wall Street Horizon via COMTEX) --
CIT Group Inc. (CITGQ.PK)
Expected next earnings release: Announcement date: 11/25/2009 - Before Market Earnings Quarter: Q3 Announcement Status: Unconfirmed
Tags: corporate earnings market
Companies: CIT Group, Inc. (THE) (CITGQ)
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Video: Starting Bell - Market Open 11.25 - Zibb.com
www.zibb.com
Fed to Add More Liquidity to Ailing Programs; Paulson to Speak Today, as Will Obama; Financials Rising on Fed Plan, General Motors Still Falling Amid Bankruptcy Concerns, Ford Shares Rising; BHP Billiton Abandons Rio Tinto Bid, Large Cap Mining Stocks Rise Amid News; Aside from ExxonMobil Most
http://www.zibb.com/article/4450117/Video+Starting+Bell+Market+Open
CIT Aerospace, a business unit of CIT Group, a leading global commercial finance company, has...
CIT Aerospace, a business unit of CIT Group, a leading global commercial finance company, has signed a firm contract for 15 Airbus A320 Family aircraft and five A330-200s.
http://www.asiatraveltips.com/print08.cgi?file=133-CITAerospace.shtml
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Expert Business Source provides the latest news, resources, and most valuable tips, trends, and expert advice on human resources, sales & marketing, operations, technology and finance, for business owners and operators in the retail industry.
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CIT Group, Inc. (CIT): Stock Quote & Company Profile - BusinessWeek
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Get CIT Group, Inc. (CIT) stock research & investing information. Find historical stock quotes, key competitors, stock data, executive management and the latest company news.
http://investing.businessweek.com/research/stocks/snapshot/snapshot.asp?ric=CIT
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CIT Middle Market Business & Commercial Loans, Financial Services ...
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CIT Group provides business loans, financial services and financing solutions worldwide. Commercial financial services, loans and global financing products from CIT Group.
CIT Group - Wikipedia, the free encyclopedia
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(Redirected from CIT Group Incorporated) ... CIT Group, Inc. is a large American commercial and consumer finance company ...
CITY GROUP, INC. ''Consultants to the Maintenance Industry''
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This site contains many highlights of the products and services offered by . City Group, Inc. The products you will see and the information displayed here reflects our overall ...
CIT Group Incorporated : CIT Group Incorporated News and Photos ...
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