http://www.businesswire.com/portal/site/cit/ Business Wire - The global leader in news distribution en Copyright 2012, Business Wire. WebSupport@BusinessWire.com (Web Support) WebSupport@BusinessWire.com (Web Support) Wed, 16 May 2012 21:06:02 UT Wed, 16 May 2012 21:06:02 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 Wed, 16 May 2012 12:30:00 UT NEW YORK--(BUSINESS WIRE)--CIT Group Inc. (NYSE: CIT) cit.com, a leading provider of financing to small businesses and middle market companies, today announced that it provided a senior secured asset-based credit facility to John Varvatos Enterprises, Inc., a designer, retailer, and wholesaler of men’s designer apparel and accessories. The financing was completed in conjunction with the acquisition of the Company by Lion Capital LLP, a consumer focused private equity firm, from VF Corporation. T http://news.cit.com/portal/site/cit/index.jsp?ndmViewId=news_view&ndmConfigId=1007742&newsId=20120516005134&newsLang=en 20120516005134en Mon, 14 May 2012 12:30:00 UT NEW YORK--(BUSINESS WIRE)--CIT Group Inc. (NYSE: CIT) cit.com, a leading provider of financing to small businesses and middle market companies, today announced that it jointly arranged a senior secured credit facility for K Road Power, an independent power developer, to acquire the McHenry Solar Project, a 25-megawatt photovoltaic solar project, from SunPower Corp. (NASDAQ: SPWR), a Silicon Valley-based manufacturer of high efficiency solar cells, solar panels and solar systems. CIT Energy serve http://news.cit.com/portal/site/cit/index.jsp?ndmViewId=news_view&ndmConfigId=1007742&newsId=20120514005267&newsLang=en 20120514005267en Wed, 9 May 2012 12:30:00 UT NEW YORK--(BUSINESS WIRE)--CIT Group Inc. (NYSE: CIT) cit.com, a leading provider of financing to small businesses and middle market companies, today announced that its Chief Financial Officer Scott T. Parker will present at the American Financial Services Association’s 22nd Annual Finance Industry Conference for Fixed Income Investors on Wednesday, May 16, 2012, in Boston, MA. The presentation is scheduled for 9:30 AM EDT. A live webcast of the presentation, in addition to the accompanying slid http://news.cit.com/portal/site/cit/index.jsp?ndmViewId=news_view&ndmConfigId=1007742&newsId=20120509005176&newsLang=en 20120509005176en Mon, 7 May 2012 12:30:00 UT NEW YORK--(BUSINESS WIRE)--CIT today announced that it will redeem $2 billion of its 7% Series C Senior Unsecured Notes (“7% Notes”) maturing in 2017. http://news.cit.com/portal/site/cit/index.jsp?ndmViewId=news_view&ndmConfigId=1007742&newsId=20120507005243&newsLang=en 20120507005243en Wed, 2 May 2012 12:30:00 UT NEW YORK--(BUSINESS WIRE)--CIT Group Inc. (NYSE: CIT) cit.com, a leading provider of financing to small businesses and middle market companies, today announced that it provided a senior secured credit facility to United Recovery Systems (URS), a provider of third-party contingency debt collection services owned by Audax Group. The financing was provided by CIT Bank, a wholly-owned subsidiary of CIT, to facilitate URS’ acquisition of Enterprise Recovery Systems, a provider of collection services. http://news.cit.com/portal/site/cit/index.jsp?ndmViewId=news_view&ndmConfigId=1007742&newsId=20120502005181&newsLang=en 20120502005181en Wed, 2 May 2012 00:55:00 UT NEW YORK--(BUSINESS WIRE)--CIT announced the pricing of a registered public offering of senior unsecured notes due 2017 and 2020. http://news.cit.com/portal/site/cit/index.jsp?ndmViewId=news_view&ndmConfigId=1007742&newsId=20120501007380&newsLang=en 20120501007380en Tue, 1 May 2012 12:34:00 UT NEW YORK--(BUSINESS WIRE)--CIT today announced that it has commenced an offering of senior unsecured notes due 2017 and senior unsecured notes due 2020 in a transaction registered with the Securities and Exchange Commission. http://news.cit.com/portal/site/cit/index.jsp?ndmViewId=news_view&ndmConfigId=1007742&newsId=20120501006131&newsLang=en 20120501006131en Mon, 30 Apr 2012 12:31:00 UT NEW YORK & EDGEWATER, N.J.--(BUSINESS WIRE)--CIT Group Inc. (NYSE: CIT) cit.com, a leading provider of financing to small businesses and middle market companies, today announced that CIT Real Estate Finance arranged a $25 million senior secured loan for National Resources, a real estate and investment firm focused on redeveloping corporate and industrial sites. The financing will be used to develop The Lofts at Edgewater Harbor, a 150 residential condo complex in Edgewater, NJ overlooking the Hu http://news.cit.com/portal/site/cit/index.jsp?ndmViewId=news_view&ndmConfigId=1007742&newsId=20120430006006&newsLang=en 20120430006006en Wed, 25 Apr 2012 21:00:00 UT NEW YORK--(BUSINESS WIRE)--CIT today announced that it closed a $753 million equipment lease securitization. http://news.cit.com/portal/site/cit/index.jsp?ndmViewId=news_view&ndmConfigId=1007742&newsId=20120425006785&newsLang=en 20120425006785en Tue, 24 Apr 2012 10:30:00 UT NEW YORK--(BUSINESS WIRE)--CIT Group Inc. (NYSE: CIT), a leading provider of financing to small businesses and middle market companies, today reported a net loss for the quarter ended March 31, 2012 of $447 million, $2.22 per diluted share. This net loss compares to net income of $66 million, $0.33 per diluted share, for the first quarter of 2011 and includes debt refinancing charges of $620 million related to the prepayment of $6.5 billion of high cost debt, while the year-ago period included d http://news.cit.com/portal/site/cit/index.jsp?ndmViewId=news_view&ndmConfigId=1007742&newsId=20120424005615&newsLang=en 20120424005615en Wed, 18 Apr 2012 12:30:00 UT NEW YORK--(BUSINESS WIRE)--CIT today announced the appointment of Robert (Bob) J. Hart (61) as Chief Auditor effective immediately. He will report directly to the Audit Committee of the Board of Directors. http://news.cit.com/portal/site/cit/index.jsp?ndmViewId=news_view&ndmConfigId=1007742&newsId=20120418005338&newsLang=en 20120418005338en Tue, 17 Apr 2012 12:30:00 UT NEW YORK--(BUSINESS WIRE)--Ray Quinlan, Executive Vice President, Banking at CIT Group Inc., discusses Online Banking Trends in the latest edition of the CIT Executive Insights video series. http://news.cit.com/portal/site/cit/index.jsp?ndmViewId=news_view&ndmConfigId=1007742&newsId=20120417005281&newsLang=en 20120417005281en Mon, 16 Apr 2012 12:30:00 UT NEW YORK--(BUSINESS WIRE)--CIT today announced the appointment of Stacey Goodman (49) as Executive Vice President and Chief Information Officer effective April 30, 2012. http://news.cit.com/portal/site/cit/index.jsp?ndmViewId=news_view&ndmConfigId=1007742&newsId=20120416005248&newsLang=en 20120416005248en Tue, 10 Apr 2012 12:30:00 UT NEW YORK--(BUSINESS WIRE)--Over the last decade, the leasing market in Asia has evolved and businesses have become more sophisticated as they recognize the benefits of using operating leases, which can significantly lower monthly payments and may offer tax advantages. Leasing also helps increase business productivity and removes the hassle of having to dispose of the equipment at the end of its lifecycle according to Adrian Pang, Managing Director, CIT Vendor Finance, Asia at CIT Group Inc. (NYS http://news.cit.com/portal/site/cit/index.jsp?ndmViewId=news_view&ndmConfigId=1007742&newsId=20120410005200&newsLang=en 20120410005200en Mon, 9 Apr 2012 12:30:00 UT NEW YORK--(BUSINESS WIRE)--CIT Group Inc. (NYSE: CIT) cit.com, a leading provider of financing to small businesses and middle market companies, today announced the appointment of Andrew T. Brandman (42) as Executive Vice President and Chief Administrative Officer effective Monday, April 9. He will report directly to Chairman and Chief Executive Officer John A. Thain. “Andrew’s extensive operations and corporate administrative experience will be invaluable to CIT,” said Mr. Thain. “I look forward http://news.cit.com/portal/site/cit/index.jsp?ndmViewId=news_view&ndmConfigId=1007742&newsId=20120409005121&newsLang=en 20120409005121en Mon, 2 Apr 2012 12:35:00 UT NEW YORK--(BUSINESS WIRE)--CIT announced that it will redeem $500 million of its 7% Series C Senior Unsecured Notes maturing in 2017. http://news.cit.com/portal/site/cit/index.jsp?ndmViewId=news_view&ndmConfigId=1007742&newsId=20120402005322&newsLang=en 20120402005322en Mon, 2 Apr 2012 12:30:00 UT NEW YORK--(BUSINESS WIRE)--CIT Group will release its financial results for the quarter ending March 31, 2012, before the market opens on Tuesday, April 24, 2012. http://news.cit.com/portal/site/cit/index.jsp?ndmViewId=news_view&ndmConfigId=1007742&newsId=20120402005126&newsLang=en 20120402005126en Mon, 26 Mar 2012 12:30:00 UT NEW YORK & SALT LAKE CITY--(BUSINESS WIRE)--CIT Bank (BankOnCIT.com), a Federal Deposit Insurance Corporation (FDIC) insured online bank and wholly owned subsidiary of CIT Group Inc. (NYSE: CIT) (cit.com), a leading provider of financing to small businesses and middle market companies, today announced the launch of CIT Savings (cit.com/citsavings), its high-yield savings account product for consumers. CIT Savings, which requires no minimum balance to open the account and no maintenance fees, off http://news.cit.com/portal/site/cit/index.jsp?ndmViewId=news_view&ndmConfigId=1007742&newsId=20120326005484&newsLang=en 20120326005484en Wed, 21 Mar 2012 12:30:00 UT NEW YORK & ALBUQUERQUE, N.M.--(BUSINESS WIRE)--CIT Group Inc. (NYSE: CIT) cit.com, a leading provider of financing to small businesses and middle market companies, today announced that CIT Healthcare arranged a $20 million senior secured asset-based revolving credit facility for Ernest Health, Inc., one of the nation’s leading operators of inpatient rehabilitation and long-term acute care hospitals. Ernest Health is owned by a joint venture between Ernest Health’s management team and Medical Pro http://news.cit.com/portal/site/cit/index.jsp?ndmViewId=news_view&ndmConfigId=1007742&newsId=20120321005129&newsLang=en 20120321005129en