Daily News: February 13, 2014

CIT Announces Public Offering of Senior Unsecured Notes

CIT said it has commenced a public offering of senior unsecured notes due 2019 in a transaction registered with the U.S. Securities and Exchange Commission (SEC). CIT plans to use the net proceeds from the offering of the notes for general corporate purposes.

The joint book-running managers for the offering are BofA Merrill Lynch, Credit Suisse and Morgan Stanley.