CIT announces final results of exchange offer and consent solicitation
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.
Citigroup Inc said on Wednesday that it has finalized an agreement with the US government under which the latter will exchange up to $25 billion of Citi preferred securities for interim securities and warrants.