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CIT Group Inc (CIT.N)

CIT.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Cit Announces Cash Tender Offer For Up To $500,000,000 Of Its Common Stock
Thursday, 26 Apr 2018 06:00am EDT 

April 26 (Reuters) - CIT Group Inc ::CIT ANNOUNCES CASH TENDER OFFER FOR UP TO $500,000,000 OF ITS COMMON STOCK.CIT GROUP INC - EXPECTS TO USE CASH AND CASH EQUIVALENTS TO FUND PURCHASES OF SHARES VALIDLY TENDERED AND ACCEPTED IN TENDER OFFER.CIT GROUP - OFFERING TO BUY STOCK FOR PURCHASE PRICE UP TO $500 MILLION AT SINGLE PER-SHARE PURCHASE PRICE NOT OVER $56.00, NOT BELOW $50.00 NET TO SELLER.CIT GROUP INC - OFFER WILL EXPIRE ON MAY 23, 2018, UNLESS EXTENDED OR EARLIER TERMINATED BY CIT.  Full Article

CIT Announces Intention To Commence A Cash Tender Offer For Up To $500 Mln Of Its Common Stock
Wednesday, 25 Apr 2018 08:30am EDT 

April 25 (Reuters) - CIT Group Inc ::CIT ANNOUNCES ITS INTENTION TO COMMENCE A CASH TENDER OFFER FOR UP TO $500,000,000 OF ITS COMMON STOCK.CIT GROUP - INTENDS TO COMMENCE MODIFIED "DUTCH AUCTION" CASH TENDER OFFER TO BUY UP TO $500 MILLION OF ITS COMMON STOCK, PAR VALUE $0.01PER SHARE.CIT GROUP - INTENDS TO COMMENCE CASH TENDER OFFER ON OR ABOUT APRIL 26, 2018.  Full Article

CIT Announces Redemption Of About $883 Mln Of Unsecured Debt
Friday, 9 Mar 2018 04:30pm EST 

March 9 (Reuters) - CIT Group Inc ::CIT ANNOUNCES REDEMPTION OF APPROXIMATELY $883 MILLION OF ITS UNSECURED DEBT.CIT GROUP INC - INTENTION TO REDEEM ON APRIL 9, 2018 $500 MILLION OF OUTSTANDING 3.875% SENIOR UNSECURED NOTES DUE FEBRUARY 2019​.CIT GROUP INC - INTENTION TO REDEEM ON APRIL 9, 2018 ALL OF OUTSTANDING $383 MILLION 5.500% SENIOR UNSECURED NOTES DUE FEBR 2019​.  Full Article

CIT Group Announces Pricing Of Certain Notes
Tuesday, 6 Mar 2018 06:18pm EST 

March 6 (Reuters) - CIT Group Inc ::CIT ANNOUNCES PRICING OF $1 BILLION OF SENIOR UNSECURED NOTES AND $400 MILLION OF SUBORDINATED NOTES.CIT GROUP INC - PRICING OF PUBLIC OFFERING OF $500 MILLION AGGREGATE PRINCIPAL AMOUNT OF SENIOR UNSECURED NOTES DUE 2021.CIT GROUP INC - PRICING OF PUBLIC OFFERING OF $400 MILLION AGGREGATE PRINCIPAL AMOUNT OF SUBORDINATED NOTES DUE 2028.CIT GROUP INC - PRICES PUBLIC OFFERING ALSO OF $500 MILLION AGGREGATE PRINCIPAL AMOUNT OF SENIOR UNSECURED NOTES DUE 2025.CIT GROUP INC - 2021 NOTES WILL BEAR INTEREST AT A PER ANNUM RATE OF 4.125%, 2025 NOTES WILL BEAR INTEREST AT A PER ANNUM RATE OF 5.250%.CIT GROUP INC - SUBORDINATED NOTES WILL BEAR INTEREST AT A PER ANNUM RATE OF 6.125%.  Full Article

CIT Announces Public Offerings Of Senior Unsecured Notes And Subordinated Notes
Tuesday, 6 Mar 2018 09:19am EST 

March 6 (Reuters) - Cit Group Inc ::CIT ANNOUNCES PUBLIC OFFERINGS OF SENIOR UNSECURED NOTES AND SUBORDINATED NOTES.CIT GROUP INC - COMMENCED A PUBLIC OFFERING OF TWO SERIES OF SECURITIES AND EXCHANGE COMMISSION REGISTERED SENIOR UNSECURED NOTES DUE 2021 AND 2025.CIT GROUP INC - ALSO COMMENCED A PUBLIC OFFERING OF SUBORDINATED NOTES DUE 2028.  Full Article

CIT Group, Units Enter Into Amendment To Credit Agreement
Wednesday, 21 Feb 2018 07:53am EST 

Feb 21 (Reuters) - Cit Group Inc ::CIT GROUP SAYS ON FEB 16, CO & UNITS ENTERED INTO AMENDMENT NO. 2 TO SECOND AMENDED AND RESTATED REVOLVING CREDIT AGREEMENT, DATED AS OF FEB 16, 2018.CIT GROUP SAYS CHANGES EFFECTED BY AMENDMENT INCLUDE EXTENSION OF FINAL MATURITY DATE OF COMMITMENTS OF ALL BUT ONE OF LENDERS TO FEB 29, 2020.CIT GROUP INC - ‍NON-EXTENDING LENDER'S COMMITMENTS OF APPROXIMATELY $42 MILLION WILL TERMINATE ON JANUARY 25, 2019​.CIT GROUP SAYS CHANGES EFFECTED BY AMENDMENT INCLUDE REDUCTION OF LENDERS TOTAL COMMITMENTS FROM $750 MILLION TO $500 MILLION ON EFFECTIVE DATE - SEC FILING.  Full Article

CIT Group Inc Files For Potential Mixed Shelf Offering
Friday, 8 Dec 2017 05:48pm EST 

Dec 8 (Reuters) - CIT Group Inc ::CIT GROUP INC FILES FOR POTENTIAL MIXED SHELF OFFERING; SIZE NOT DISCLOSED - SEC FILING.  Full Article

CIT, Ocwen Agree To Resolve Claims Filed In Demand For Arbitration
Monday, 4 Dec 2017 05:53am EST 

Dec 4 (Reuters) - Cit Group Inc ::CIT GROUP SAYS ON NOV 22, OCWEN LOAN SERVICING AGREED TO A $29.9 MILLION SETTLEMENT TO RESOLVE CLAIMS FILED IN DEMAND FOR ARBITRATION AGAINST CO ON AUG 12, 2016.CIT GROUP INC SAYS THE $29.9 MILLION SETTLEMENT WILL NOT HAVE A MATERIAL EFFECT ON CO'S FINANCIAL CONDITION OR RESULTS OF OPERATIONS - SEC FILING.  Full Article

CIT reports Q3 earnings per share $1.61
Tuesday, 24 Oct 2017 06:30am EDT 

Oct 24 (Reuters) - CIT Group Inc :CIT announces third quarter 2017 results.Q3 earnings per share $1.02 from continuing operations excluding items.Q3 earnings per share $1.64 from continuing operations.Q3 earnings per share $1.61.CIT Group Inc - ‍Remain on track to reduce annual operating expenses by $150 million by 2018​.CIT Group Inc - ‍Increased quarterly common stock dividend by 7% to $0.16 per share​.CIT Group Inc - Qtrly ‍net interest revenue $277 million versus $288 million ​.CIT Group Inc - Qtrly net finance revenue was $401 million compared to $390 million in the prior quarter‍​.CIT Group - ‍Preliminary common equity tier 1 capital ratio decreased to 14.0% at Sept. 30, 2017​.CIT Group Inc - ‍Preliminary total capital ratio decreased to 15.7% at Sept. 30, 2017​.CIT Group Inc - ‍Allowance for loan losses was $420 million at Sept. 30, 2017, compared to $426 million at June 30, 2017​.  Full Article

DyDo Group Holdings unit to acquire 80 pct stake in Merpez
Monday, 16 Oct 2017 04:24am EDT 

Oct 16(Reuters) - DyDo Group Holdings Inc <2590.T>:Says its 90 percent-owned Turkey-based unit Della Gıda Sanayi ve Ticaret A.Ş. will acquire 80 percent stake in Turkey-based company Merpez Ticaret Turizm Gıda Tarım Pazarlama Emlak İnşaat Sanayi İthalat ve İhracat Limited Şirketi(Merpez), which is mainly engaged in manufacture and sales of mineral water .Says amount of investment in Merpez for the acquisition is 23.4 million Turkish liras (725 million yen).Says the acquisition will close in late November .  Full Article

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China's HNA to sell over $2 billion Avolon stake to Orix: sources

SINGAPORE/HONG KONG China's HNA Group Co Ltd is in advanced talks to sell a 30 percent stake in aircraft lessor Avolon Holdings Ltd to Japan's Orix Corp , two sources said, as the company attempts to restructure and trim stakes even in its core assets.