CIT Group Completes $2 Billion Refinancing
Date: 03/30/11
Cahill represented BofA Merrill Lynch and the other initial purchasers in connection with the $2,000,000,000 Rule 144A offering by CIT Group Inc., comprised of $1,300,000,000 5.25% Series C Second-Priority Secured Notes due 2014 and $700,000,000 6.625% Series C Second-Priority Secured Notes due 2018. The proceeds will be used refinance existing indebtedness.