CIT Staves Off Ch. 11 With Tender Offer
CIT announced Monday the expiration and successful completion of its tender offer for $1 billion of floating rate senior secured notes due on Monday. The offer, which the company said was an important milestone as the company continues to make progress on its restructuring plan, expired this weekend.
As of Monday, almost 60 percent of the outstanding notes were validly tendered and not...
To view the full article, register now.