Cahill Represents the Dealers in Establishment of $5 billion Section 3(a)(2) Bank Notes Program for CIT Bank, N.A. and in a $550 Million Offering under the Program
Date: 09/27/19
Cahill represented the dealers in connection with the establishment of CIT Bank, N.A.’s $5 billion bank notes program under Section 3(a)(2) of the Securities Act, and also represented the dealers in connection with an offering of CIT Bank, N.A.’s $550 million aggregate principal amount of 2.969% Senior Unsecured Fixed-to-Floating Rate Notes due 2025 issued under the program. Proceeds from the offering are to be used to finance, in part, the acquisition of Mutual of Omaha Bank and for general corporate purposes.