Emerald Business Systems Blog


CIT Is Said to Obtain Loan to Avert Bankruptcy

Posted in General Business by ebs4pos on July 20, 2009

Directors of the CIT Group, one of the nation’s leading lenders to small and midsize businesses, approved a deal Sunday evening with some of the bank’s major bondholders to help it avert a bankruptcy filing through a $3 billion emergency loan, according to people briefed on the matter.

via CIT Is Said to Obtain Loan to Avert Bankruptcy – NYTimes.com.

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