Daily News: March 12, 2012

CIT Announces Public Offering of Senior Unsecured Notes

CIT said it has commenced an offering of senior unsecured notes due 2018 in a transaction registered with the SEC. CIT plans to use the net proceeds from the offering for general corporate purposes and the refinancing of its outstanding 7% Series C Notes maturing in 2015, 2016 and/or 2017.

CIT has filed a registration statement with the SEC for the offering of the Notes.

The joint bookrunning managers for the offering are Credit Suisse Securities (USA), Deutsche Bank, Morgan Stanley and UBS Securities.