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{ Tag Archives } stave-off-bankruptcy

CIT in talks for loan of up to $10 billion: sources (Reuters)

Reuters – CIT Group Inc is negotiating a new credit facility of up to $10 billion that could help the finance company pay off maturing debt and stave off bankruptcy, people familiar with the situation said. See the article here: CIT in talks for loan of up to $10 billion: sources …

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CIT completes debt tender, buys time to restructure (Reuters)

Reuters – CIT Group Inc said on Monday it completed its tender offer for $1 billion in debt maturing today, buying the company more time to attempt to restructure its debt and stave off bankruptcy. Read the original here: CIT completes debt tender, buys time to restructure (Reuters) Read more: CIT …

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