Cahill Represents the Underwriters in Notes and Preferred Stock Offerings for CIT Group Inc.
Date: 11/13/19
Cahill represented the underwriters in connection with public offerings by CIT Group Inc. of $100,000,000 aggregate principal amount of 4.125% Fixed-to-Fixed Rate Subordinated Notes due 2029 and $200,000,000 aggregate liquidation preference of 5.625% Non-Cumulative Perpetual Preferred Stock. Proceeds from the offerings are to be used to finance, in part, the acquisition of Mutual of Omaha Bank and for general corporate purposes.