http://www.businesswire.com/portal/site/cit/ Business Wire - The global leader in news distribution en Copyright 2009, Business Wire. WebSupport@BusinessWire.com (Web Support) WebSupport@BusinessWire.com (Web Support) Sat, 21 Nov 2009 15:07:17 UT Sat, 21 Nov 2009 15:07:17 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?WT.ad=cnc-cit-current-news-rss 100 36 Thu, Nov 19, 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/portal/site/cit/index.jsp?ndmViewId=news_view&ndmConfigId=1007742&newsId=20091119005676&newsLang=en 20091119005676en Tue, Nov 3, 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/portal/site/cit/index.jsp?ndmViewId=news_view&ndmConfigId=1007742&newsId=20091103006733&newsLang=en 20091103006733en Sun, Nov 1, 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/portal/site/cit/index.jsp?ndmViewId=news_view&ndmConfigId=1007742&newsId=20091101005053&newsLang=en 20091101005053en Fri, Oct 30, 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/portal/site/cit/index.jsp?ndmViewId=news_view&ndmConfigId=1007742&newsId=20091030005770&newsLang=en 20091030005770en Fri, Oct 30, 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/portal/site/cit/index.jsp?ndmViewId=news_view&ndmConfigId=1007742&newsId=20091030005260&newsLang=en 20091030005260en Wed, Oct 28, 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/portal/site/cit/index.jsp?ndmViewId=news_view&ndmConfigId=1007742&newsId=20091028006445&newsLang=en 20091028006445en Wed, Oct 28, 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/portal/site/cit/index.jsp?ndmViewId=news_view&ndmConfigId=1007742&newsId=20091028006157&newsLang=en 20091028006157en Tue, Oct 27, 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/portal/site/cit/index.jsp?ndmViewId=news_view&ndmConfigId=1007742&newsId=20091027006725&newsLang=en 20091027006725en Mon, Oct 26, 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/portal/site/cit/index.jsp?ndmViewId=news_view&ndmConfigId=1007742&newsId=20091026006461&newsLang=en 20091026006461en Fri, Oct 23, 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/portal/site/cit/index.jsp?ndmViewId=news_view&ndmConfigId=1007742&newsId=20091023005708&newsLang=en 20091023005708en Mon, Oct 19, 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/portal/site/cit/index.jsp?ndmViewId=news_view&ndmConfigId=1007742&newsId=20091019006503&newsLang=en 20091019006503en Sat, Oct 17, 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/portal/site/cit/index.jsp?ndmViewId=news_view&ndmConfigId=1007742&newsId=20091016005969&newsLang=en 20091016005969en Tue, Oct 13, 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/portal/site/cit/index.jsp?ndmViewId=news_view&ndmConfigId=1007742&newsId=20091013005646&newsLang=en 20091013005646en Fri, Oct 2, 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/portal/site/cit/index.jsp?ndmViewId=news_view&ndmConfigId=1007742&newsId=20091001006561&newsLang=en 20091001006561en Wed, Sep 23, 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/portal/site/cit/index.jsp?ndmViewId=news_view&ndmConfigId=1007742&newsId=20090923005347&newsLang=en 20090923005347en