CIT Group to defer interest on junior notes
AP , 09.01.09, 07:33 AM EDT Commercial lender CIT Group Inc. said in a regulatory filing Tuesday it will defer interest payments on some outstanding junior notes.
CIT Group Inc., a leading provider of financing to small business and middle market companies, today announced the final results of its exchange offer and consent solicitation for the outstanding Series A Notes listed in the table below, in which CIT successfully received the requisite consents to adopt the proposed amendments to the indenture for each maturity of these Series A Notes.