http://www.businesswire.com/portal/site/cit/ Business Wire - The global leader in news distribution en Copyright 2009, Business Wire. WebSupport@BusinessWire.com WebSupport@BusinessWire.com Sat, 21 Nov 2009 12:24:37 UT Sat, 21 Nov 2009 12:24:37 UT http://www.businesswire.com http://www.businesswire.com Business Wire - The global leader in news distribution http://www.businesswire.com/images/bwlogo_small.gif 100 36 Thu, 19 Nov 2009 15:00:00 UT NEW YORK--(BUSINESS WIRE)--CIT Group Inc. (OTC: CITGQ.PK), a leading provider of financing to small businesses and middle market companies, today announced updated results of its solicitation for votes on its voluntary prepackaged plan of reorganization (the “Plan”). The solicitation of votes for Class 7, Canadian Senior Unsecured Notes, expired on November 5, 2009. Approximately 89% of holders by outstanding principal amount participated in the solicitation, of which nearly 100% in http://www.businesswire.com/news/cit/20091119005676/en 20091119005676en Tue, 3 Nov 2009 21:13:00 UT NEW YORK--(BUSINESS WIRE)--CIT Group Inc. (OTC: CITGQ.PK), a leading provider of financing to small businesses and middle market companies, today announced that the U.S. Bankruptcy Court for the Southern District of New York (“the Court”) has scheduled a hearing to consider the confirmation of CIT's prepackaged plan of reorganization for Tuesday, December 8, 2009. CIT Group Inc. and CIT Group Funding Company of Delaware LLC received the relief they sought from the Court with respect http://www.businesswire.com/news/cit/20091103006733/en 20091103006733en Sun, 1 Nov 2009 20:39:00 UT NEW YORK--(BUSINESS WIRE)--CIT Group Inc. (NYSE: CIT), a leading provider of financing to small businesses and middle market companies, today announced that, with the overwhelming support of its debtholders, the Board of Directors voted to proceed with the prepackaged plan of reorganization for CIT Group Inc. and a subsidiary that will restructure the Company’s debt and streamline its capital structure. Importantly, none of CIT’s operating subsidiaries, including CIT Bank, a Utah sta http://www.businesswire.com/news/cit/20091101005053/en 20091101005053en Fri, 30 Oct 2009 17:18:00 UT NEW YORK--(BUSINESS WIRE)--CIT Group Inc. (NYSE: CIT), a leading provider of financing to small businesses and middle market companies, today announced that it has entered into an agreement with Carl Icahn to support its restructuring plan and secured an incremental $1 billion committed line of credit from Icahn Capital LP to provide supplemental liquidity for CIT as it pursues that plan. This new line of credit may be drawn by the Company on or prior to December 31, 2009, subject to definitive http://www.businesswire.com/news/cit/20091030005770/en 20091030005770en Fri, 30 Oct 2009 11:00:00 UT NEW YORK--(BUSINESS WIRE)--CIT Group Inc. (NYSE: CIT), a leading provider of financing to small businesses and middle market companies, today announced that the exchange offers and solicitation for certain of the Company’s outstanding series of notes, excluding those maturing after 2018 and those issued by CIT Group Funding Company of Delaware, expired at 11:59 p.m. New York City time on Thursday, October 29, 2009. Financial Balloting Group, its tabulation agent, has begun tabulating the v http://www.businesswire.com/news/cit/20091030005260/en 20091030005260en Wed, 28 Oct 2009 20:00:00 UT NEW YORK--(BUSINESS WIRE)--CIT Group Inc., a leading provider of financing to small businesses and middle market companies, today announced a modification of its Amended Offering Memorandum (dated October 16, 2009 and supplemented October 23, 2009) that will accelerate changes to its Board of Directors in a potential prepackaged plan of reorganization scenario. Immediately upon effectiveness of CIT’s plan of reorganization, a majority of the Directors will be individuals who were identifie http://www.businesswire.com/news/cit/20091028006445/en 20091028006445en Wed, 28 Oct 2009 17:12:00 UT NEW YORK--(BUSINESS WIRE)--CIT Group Inc. (NYSE: CIT), a leading provider of financing to small businesses and middle market companies, today announced that it has expanded its current $3 billion senior secured credit facility by an additional $4.5 billion. The new $4.5 billion tranche, which is being provided by a diverse group of lenders, including many of the Company’s bondholders, will be secured by substantially the same assets as the existing $3 billion tranche and any additional col http://www.businesswire.com/news/cit/20091028006157/en 20091028006157en Tue, 27 Oct 2009 21:29:00 UT NEW YORK--(BUSINESS WIRE)--CIT Group Inc. (NYSE: CIT), a leading provider of financing to small businesses and middle market companies, today corrected important inaccuracies contained in an open letter from Carl Icahn to smaller CIT bondholders. Mr. Icahn is seeking to convince smaller bondholders to vote against the Company's proposed restructuring plan now in exchange for his ill-defined promise that some of Mr. Icahn’s unidentified "affiliated entities" will eventually deliver on that http://www.businesswire.com/news/cit/20091027006725/en 20091027006725en Mon, 26 Oct 2009 21:42:00 UT NEW YORK--(BUSINESS WIRE)--CIT Group Inc. (NYSE: CIT), a leading provider of financing to small businesses and middle market companies, today announced that it has modified its amended Offering Memorandum dated October 16, 2009 through a supplement dated October 23, 2009. The supplement reflects changes that are expected to build additional bondholder support. The supplement to the Amended Offering Memorandum, Disclosure Statement and Solicitation of Acceptances of a Prepackaged Plan of Reorgani http://www.businesswire.com/news/cit/20091026006461/en 20091026006461en Fri, 23 Oct 2009 17:48:00 UT NEW YORK--(BUSINESS WIRE)--CIT Group Inc. (NYSE: CIT), a leading provider of financing to small businesses and middle market companies, today announced that a pre-recorded webcast presentation describing the Company’s current restructuring plan is available on its website. Chairman and CEO Jeffrey M. Peek, President and Chief Operating Officer Alexander T. Mason and Vice Chairman and Chief Financial Officer Joseph M. Leone participate in the webcast presentation. The webcast will be availa http://www.businesswire.com/news/cit/20091023005708/en 20091023005708en Mon, 19 Oct 2009 19:30:00 UT NEW YORK--(BUSINESS WIRE)--CIT Group Inc. (NYSE: CIT), a leading provider of financing to small businesses and middle market companies, today acknowledged receipt of a letter from Carl Icahn to CIT’s Board of Directors regarding CIT's efforts to secure financing and offering to underwrite an alternative $6 billion loan. This letter is CIT’s first indication of Mr. Icahn’s interest in underwriting an alternative financing and the Company intends to ask Mr. Icahn for more informa http://www.businesswire.com/news/cit/20091019006503/en 20091019006503en Sat, 17 Oct 2009 03:20:00 UT NEW YORK--(BUSINESS WIRE)--CIT Group Inc. (NYSE: CIT), a leading provider of financing to small businesses and middle market companies, today announced that it has amended its restructuring plan to further build bondholder support. The amendments have been approved by CIT’s Board of Directors and the Steering Committee of CIT’s bondholders. On October 1, 2009, CIT commenced a series of offers to exchange certain outstanding series of notes and concurrently began a solicitation for vo http://www.businesswire.com/news/cit/20091016005969/en 20091016005969en Tue, 13 Oct 2009 12:00:00 UT NEW YORK--(BUSINESS WIRE)--CIT Group Inc. (NYSE: CIT), a leading provider of financing to small businesses and middle market companies, today announced that Jeffrey M. Peek has informed the Board of Directors that he plans to resign as Chairman and Chief Executive Officer from CIT effective December 31, 2009. The Board is forming a Search Committee to oversee the recruitment process and ensure a smooth leadership transition at the Company. “CIT’s recently launched restructuring plan http://www.businesswire.com/news/cit/20091013005646/en 20091013005646en Fri, 2 Oct 2009 02:05:00 UT NEW YORK--(BUSINESS WIRE)--CIT Group Inc. (NYSE: CIT), a leading provider of financing to small businesses and middle market companies, today announced that it has commenced a restructuring of its capital structure that has been approved by the Company’s Board of Directors and by the Steering Committee of CIT’s bondholders. Today’s announcement is an important step in a comprehensive restructuring plan to enhance CIT's capital levels, improve its liquidity and return the Compan http://www.businesswire.com/news/cit/20091001006561/en 20091001006561en Wed, 23 Sep 2009 12:30:00 UT NEW YORK--(BUSINESS WIRE)--CIT Group Inc. (NYSE:CIT), a leading provider of financing to small businesses and middle market companies, today released another edition of “5 Minute Capital” (www.5minutecapital.com), its award-winning series of 5-minute podcasts featuring senior CIT executives commenting on current market conditions and trends in the middle market. Burt Feinberg, Group Head of CIT Retail Finance, provides his perspective on the new study, “U.S. Small and Middle Ma http://www.businesswire.com/news/cit/20090923005347/en 20090923005347en Mon, 21 Sep 2009 12:30:00 UT NEW YORK--(BUSINESS WIRE)--CIT Group Inc. (NYSE: CIT), a leading provider of financing to small businesses and middle market companies, today released its first podcast based on its new study, “U.S. Small and Middle Market Outlook 2009: Retailers and Suppliers Take Stock of Economic Downturn.” The podcast is featured on 5 Minute Capital (www.5minutecapital.com), a series of 5-minute podcasts featuring senior CIT executives commenting on current market conditions and trends in the mid http://www.businesswire.com/news/cit/20090921005224/en 20090921005224en Mon, 14 Sep 2009 12:30:00 UT NEW YORK--(BUSINESS WIRE)--Faced with one of the most challenging years on record, retailers and those who supply them believe that consumer spending will lag the turnaround of the U.S. financial markets. According to a new study released today by CIT Group Inc. (NYSE:CIT), a leading provider of financing to small businesses and middle market companies, 47% of retail respondents believe the financial markets will turn around next year; separately, 45% believe that consumer spending will not retu http://www.businesswire.com/news/cit/20090914005195/en 20090914005195en Mon, 17 Aug 2009 12:00:00 UT NEW YORK--(BUSINESS WIRE)--CIT Group Inc. (NYSE:CIT), a leading provider of financing to small businesses and middle market companies, today announced the expiration and successful completion of its tender offer (the http://www.businesswire.com/news/cit/20090817005301/en 20090817005301en Thu, 13 Aug 2009 13:15:00 UT NEW YORK--(BUSINESS WIRE)--CIT Group Inc. (NYSE: CIT), a leading provider of financing to small businesses and middle market companies, today announced that the Company’s Board of Directors has adopted a Tax http://www.businesswire.com/news/cit/20090813005464/en 20090813005464en Fri, 7 Aug 2009 13:29:00 UT NEW YORK--(BUSINESS WIRE)--CIT Group Inc. (NYSE: CIT), a leading provider of financing to small businesses and middle market companies, today provided an update on the progress of several components of its http://www.businesswire.com/news/cit/20090807005348/en 20090807005348en Mon, 3 Aug 2009 16:08:00 UT NEW YORK--(BUSINESS WIRE)--CIT Group Inc. (NYSE: CIT), a leading provider of financing to small businesses and middle market companies, today announced that, with the consent of the lenders’ steering committee http://www.businesswire.com/news/cit/20090803005808/en 20090803005808en Tue, 21 Jul 2009 21:29:00 UT NEW YORK--(BUSINESS WIRE)--CIT Group Inc. (NYSE:CIT), a leading provider of financing to small businesses and middle market companies, today announced that Moody’s Investors Service has placed its CIT Equipment http://www.businesswire.com/news/cit/20090721006422/en 20090721006422en Mon, 20 Jul 2009 23:36:00 UT NEW YORK--(BUSINESS WIRE)--CIT Group Inc. (NYSE: CIT), a leading provider of financing to small businesses and middle market companies, today announced that it entered into a $3 billion loan facility provided by a http://www.businesswire.com/news/cit/20090720006202/en 20090720006202en Thu, 16 Jul 2009 23:19:00 UT NEW YORK--(BUSINESS WIRE)--CIT Group Inc. (NYSE: CIT), a leading provider of financing to small businesses and middle market companies, today announced that its Board of Directors and management, in consultation with http://www.businesswire.com/news/cit/20090716006349/en 20090716006349en Wed, 15 Jul 2009 22:03:00 UT NEW YORK--(BUSINESS WIRE)--CIT Group Inc. (NYSE: CIT), a leading provider of financing to small businesses and middle market companies, today announced that it has been advised that there is no appreciable likelihood http://www.businesswire.com/news/cit/20090715006374/en 20090715006374en Mon, 13 Jul 2009 03:33:00 UT NEW YORK--(BUSINESS WIRE)--CIT Group Inc. (NYSE: CIT), a leading provider of financing to small businesses and middle market companies, today confirmed that it remains in active discussions with its principal http://www.businesswire.com/news/cit/20090712005035/en 20090712005035en Fri, 10 Jul 2009 16:10:00 UT NEW YORK--(BUSINESS WIRE)--CIT Group Inc. (NYSE: CIT), a leading provider of financing to small businesses and middle market companies, in response to recent media reports regarding its pending Temporary Liquidity http://www.businesswire.com/news/cit/20090710005417/en 20090710005417en Wed, 24 Jun 2009 12:30:00 UT NEW YORK--(BUSINESS WIRE)--CIT Group Inc. (NYSE: CIT), a leading provider of financing to small businesses and middle market companies, today released another installment of “5 Minute Capital” http://www.businesswire.com/news/cit/20090624005068/en 20090624005068en Wed, 17 Jun 2009 12:30:00 UT NEW YORK--(BUSINESS WIRE)--CIT Group Inc. (NYSE: CIT), a leading provider of financing to small businesses and middle market companies, today released another installment of “5 Minute Capital” http://www.businesswire.com/news/cit/20090617005210/en 20090617005210en Mon, 15 Jun 2009 12:30:00 UT NEW YORK & CHICAGO--(BUSINESS WIRE)--CIT Group Inc. (NYSE: CIT), a bank holding company, today announced that it served as a joint lead arranger and joint bookrunner in financing Wind Point Partners’ acquisition http://www.businesswire.com/news/cit/20090615005077/en 20090615005077en Wed, 10 Jun 2009 12:30:00 UT NEW YORK--(BUSINESS WIRE)--Middle market healthcare executives favor the Obama administration’s proposed healthcare reform initiatives by a nearly 2:1 margin and they believe some reform initiatives will be good http://www.businesswire.com/news/cit/20090610005075/en 20090610005075en Tue, 9 Jun 2009 18:30:00 UT NEW YORK--(BUSINESS WIRE)--CIT Group Inc. (NYSE: CIT), a leading provider of financing to small businesses and middle market companies, today announced that it has closed a $954 million equipment lease securitization. http://www.businesswire.com/news/cit/20090609006210/en 20090609006210en Wed, 3 Jun 2009 12:30:00 UT NEW YORK--(BUSINESS WIRE)--CIT Group Inc. (NYSE: CIT), a leading provider of financing to small businesses and middle market companies, today released another installment of its award-winning “5 Minute http://www.businesswire.com/news/cit/20090603005139/en 20090603005139en Wed, 27 May 2009 12:30:00 UT NEW YORK--(BUSINESS WIRE)--CIT Group Inc. (NYSE: CIT), a leading provider of financing to small businesses and middle market companies, today released another edition of CIT Executive Spotlight, a series of interviews http://www.businesswire.com/news/cit/20090527005118/en 20090527005118en Thu, 21 May 2009 18:55:00 UT NEW YORK--(BUSINESS WIRE)--CIT Group Inc. (NYSE: CIT), a leading provider of financing to small businesses and middle market companies, today announced that its Board of Directors declared quarterly cash dividends on http://www.businesswire.com/news/cit/20090521005942/en 20090521005942en Tue, 12 May 2009 21:00:00 UT NEW YORK--(BUSINESS WIRE)--CIT Group Inc. (NYSE: CIT), a leading provider of financing to small businesses and middle market companies, today announced the results from its annual meeting, including the election of http://www.businesswire.com/news/cit/20090512006536/en 20090512006536en Wed, 6 May 2009 12:30:00 UT NEW YORK--(BUSINESS WIRE)--CIT Group Inc. (NYSE: CIT), a leading provider of financing to small businesses and middle market companies, today announced that its Board of Directors declared quarterly cash dividends on http://www.businesswire.com/news/cit/20090506005342/en 20090506005342en Thu, 23 Apr 2009 11:00:00 UT NEW YORK--(BUSINESS WIRE)--CIT Group Inc. (NYSE: CIT), a bank holding company, today reported a loss of $438.1 million ($504.5 million after preferred dividends), $1.30 per share, for the first quarter of 2009, http://www.businesswire.com/news/cit/20090423005355/en 20090423005355en Thu, 9 Apr 2009 12:30:00 UT NEW YORK & CHICAGO--(BUSINESS WIRE)--CIT Group Inc. (NYSE: CIT), a bank holding company, today announced that Stackhouse, Inc., a leading developer, manufacturer and marketer of surgical helmets and smoke evacuators, http://www.businesswire.com/news/cit/20090409005195/en 20090409005195en Mon, 6 Apr 2009 12:30:00 UT NEW YORK & BOCA RATON, Fla.--(BUSINESS WIRE)--CIT Group Inc. (NYSE: CIT), a bank holding company, today announced that it served as a joint lead arranger and syndication agent in a $65 million senior secured credit http://www.businesswire.com/news/cit/20090406005120/en 20090406005120en Thu, 2 Apr 2009 12:30:00 UT NEW YORK--(BUSINESS WIRE)--CIT Group Inc. (NYSE: CIT), a bank holding company, today announced it will issue its financial results for the quarter ending March 31, 2009, before the market opens on Thursday, April 23, http://www.businesswire.com/news/cit/20090402005542/en 20090402005542en Wed, 1 Apr 2009 12:30:00 UT NEW YORK & NASHVILLE, Tenn.--(BUSINESS WIRE)--Edgeview Partners, a CIT company, today announced that Keltner Enterprises, a leading automotive aftermarket distributor, has been acquired by Atlantic Pacific Automotive http://www.businesswire.com/news/cit/20090401005158/en 20090401005158en Mon, 30 Mar 2009 12:30:00 UT NEW YORK & WAYZATA, Minn.--(BUSINESS WIRE)--CIT Group Inc. (NYSE: CIT), a bank holding company, today announced that it served as lead arranger in a $25 million senior secured revolving credit facility to Northern Oil http://www.businesswire.com/news/cit/20090330005137/en 20090330005137en Thu, 26 Mar 2009 12:30:00 UT NEW YORK & SAN FRANCISCO--(BUSINESS WIRE)--CIT Group Inc. (NYSE: CIT), a bank holding company, today announced that it co-arranged a $36 million senior secured credit facility for Industrial Growth Partners to complete http://www.businesswire.com/news/cit/20090326005055/en 20090326005055en Tue, 24 Mar 2009 12:30:00 UT NEW YORK & BOSTON--(BUSINESS WIRE)--CIT Group Inc. (NYSE: CIT), a bank holding company, announced today that it served as sole lead arranger and administrative agent in a senior secured credit facility to support the http://www.businesswire.com/news/cit/20090324005179/en 20090324005179en Mon, 9 Mar 2009 12:30:00 UT NEW YORK--(BUSINESS WIRE)--CIT Group Inc. (NYSE: CIT), a bank holding company, today released its second podcast installment based on its exclusive study entitled, “U.S. Middle Market Outlook 2009: Navigating the http://www.businesswire.com/news/cit/20090309005233/en 20090309005233en Thu, 5 Mar 2009 13:30:00 UT NEW YORK--(BUSINESS WIRE)--Reflecting cautious optimism, four out of five middle market executives anticipate that the financial crisis will bottom out in 2009, according to an exclusive study released today by CIT http://www.businesswire.com/news/cit/20090305005291/en 20090305005291en Thu, 26 Feb 2009 13:30:00 UT NEW YORK--(BUSINESS WIRE)--CIT Group Inc. (NYSE: CIT), a bank holding company, today announced that it provided financing to Wellman, Inc., a manufacturer of packaging resin used in plastic beverage bottles and other http://www.businesswire.com/news/cit/20090226005021/en 20090226005021en Tue, 24 Feb 2009 13:30:00 UT NEW YORK--(BUSINESS WIRE)--CIT Group Inc. (NYSE: CIT), a bank holding company, today announced that it has provided a senior secured credit facility to The Tharanco Group for its acquisition of Greg Norman Collection, http://www.businesswire.com/news/cit/20090224005150/en 20090224005150en Mon, 2 Feb 2009 13:30:00 UT NEW YORK--(BUSINESS WIRE)--CIT Group Inc. (NYSE: CIT), a bank holding company, today announced that Jeffrey M. Peek, Chairman and Chief Executive Officer, will participate in the Credit Suisse Financial Services http://www.businesswire.com/news/cit/20090202005012/en 20090202005012en Thu, 22 Jan 2009 12:00:00 UT NEW YORK--(BUSINESS WIRE)--CIT Group Inc. (NYSE: CIT), a bank holding company, today reported a loss from continuing operations of $139.4 million ($159.8 million after preferred dividends), or $0.54 per share, for the http://www.businesswire.com/news/cit/20090122005358/en 20090122005358en Tue, 20 Jan 2009 22:31:00 UT NEW YORK--(BUSINESS WIRE)--CIT Group Inc. (NYSE: CIT), a bank holding company, today announced that its Board of Directors declared a regular quarterly cash dividend of $0.02 per share on its outstanding common stock. http://www.businesswire.com/news/cit/20090120006205/en 20090120006205en Fri, 9 Jan 2009 21:56:00 UT NEW YORK--(BUSINESS WIRE)--CIT Group Inc. (NYSE: CIT), a commercial bank holding company, today announced it will issue its financial results for the quarter and year ending December 31, 2008, before the market opens http://www.businesswire.com/news/cit/20090109005724/en 20090109005724en