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CIT Group Inc (CIT.N)

CIT.N on New York Stock Exchange

41.36USD
24 Mar 2017
Change (% chg)

$0.49 (+1.20%)
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$40.87
Open
$40.98
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Volume
456,907
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Latest Key Developments (Source: Significant Developments)

CIT agrees to sell stake in TC-CIT aviation joint ventures
Thursday, 9 Mar 2017 06:00pm EST 

Cit Group Inc : Cit reaches agreement to sell stake in tc-cit aviation joint ventures . Cit reaches agreement to sell stake in tc-cit aviation joint ventures . CIT Group Inc - following this transaction, tc will be sole owner of entities . Says following this transaction, tc will be sole owner of entities . CIT Group Inc - tc-cit joint ventures were excluded from sale to avolon . Cit Group - reached agreement to sell 30 percent ownership stake in commercial aircraft leasing joint ventures tc-cit aviation ireland, tc-cit aviation u.s., inc .CIT Group Inc - agreement to sell stake in tc-cit aviation joint ventures to its joint venture partner tokyo century corporation.  Full Article

CIT Group says on target to achieve $150 mln in continuing operations expense saves
Tuesday, 31 Jan 2017 07:15am EST 

Cit Group Inc :CIT Group says on target to achieve $150 million in continuing operations expense saves by 2018 - SEC filing.  Full Article

CIT Group sets quarterly cash dividend of $0.15 per share
Wednesday, 18 Jan 2017 04:30pm EST 

CIT Group Inc - :Sets quarterly cash dividend of $0.15 per share.  Full Article

CIT announces early tender results for its offer to exchange its 5.000% senior unsecured notes due in May 2017
Thursday, 22 Dec 2016 06:30am EST 

CIT Group Inc : CIT announces early tender results for its offer to exchange its 5.000% senior unsecured notes due in May 2017 . CIT Group Inc says offer to exchange all of outstanding 5.000% senior unsecured notes due 2017 for newly issued 5.000% senior unsecured notes due 2018 . CIT Group Inc says old notes tendered prior to early deadline will be exchanged on December 23, 2016 .CIT Group Inc says exchange offer remains open and is scheduled to expire at 11:59 p.m., New York City time, on January 6, 2017.  Full Article

Bohai Capital to acquire aircraft leasing assets C2 Aviation Capital
Wednesday, 21 Dec 2016 07:00am EST 

Bohai Capital Holding Co Ltd <000415.SZ> : Says it plans to buy commercial jets leasing assets C2 Aviation Capital for $10 billion .Says shares, bond trading to resume on Dec 22.  Full Article

CIT Group says exchange offer for 5.000% senior unsecured notes due 2017
Thursday, 8 Dec 2016 06:30am EST 

CIT Group Inc : CIT announces exchange offer for its 5.000% senior unsecured notes due 2017 . CIT Group Inc - new notes will have same interest rate, ranking and covenants as old notes . CIT Group Inc - new notes will mature on May 15, 2018, which is one year later than maturity of old notes .CIT Group Inc - continue to expect sale of CIT Commercial Air to be completed by end of Q1 of 2017.  Full Article

CIT Group enters into fourth amended and restated confirmation with Goldman Sachs International
Wednesday, 7 Dec 2016 07:03am EST 

CIT Group Inc - : On December 7, co's unit entered into a fourth amended and restated confirmation with Goldman Sachs International - SEC filing . Fourth amended and restated confirmation to terminate $1.5 billion total return swap facility . Under termination agreement, Canadian TRS facility will terminate on March 31, 2017, or such earlier date designated by CFL . Company expects the termination agreement to have a minimal impact on its available liquidity . Redemption will cause Canadian TRS facility to become fully unutilized . Due to release of counterparty receivable held by GSI, expects termination agreement to have minimal impact on available liquidity . CIT will redeem commercial aircraft securitization transaction currently utilized as a reference obligation in canadian TRS facility . Due to termination agreement, unsecured counterparty receivable held by gsi under canadian trs facility will be released . Termination agreement requires payment by CFL to GSI on Dec 7,of present value of remaining facility fee in amount of about $280 million . Company and its board of directors have decided to terminate Canadian TRS facility .Termination fee will result in a net pretax charge for company of approximately $245 million in q4 of 2016.  Full Article

CIT announces resignation of Steven T. Mnuchin from board of directors
Friday, 2 Dec 2016 08:30am EST 

CIT Group Inc - : CIT announces resignation of Steven T. Mnuchin from board of directors .Mnuchin's resignation follows president-elect Donald J. Trump's announced intention to nominate Mnuchin as next secretary of treasury.  Full Article

Upland software says expanded $90 mln credit facility for acquisitions
Wednesday, 16 Nov 2016 09:50am EST 

Upland Software Inc : Credit facility permits stock buybacks of up to $8 million . Upland Software Inc says facility also permits upland to issue up to $16 million in subordinated seller notes for acquisitions .Upland Software announces expanded $90 million credit facility for acquisitions.  Full Article

Cit appoints Marisa Harney as executive VP, chief credit officer
Tuesday, 8 Nov 2016 08:30am EST 

CIT Group Inc :CIT appoints Marisa J. Harney as executive vice president and chief credit officer.  Full Article

More From Around the Web

BRIEF-CIT agrees to sell stake in TC-CIT aviation joint ventures

* Cit reaches agreement to sell stake in tc-cit aviation joint ventures