Cahill Represents Underwriters in $1.4 Billion Notes Offerings for CIT Group Inc.
Date: 03/09/18
Cahill represented the underwriters in connection with a public offering of $500,000,000 4.125% Senior Unsecured Notes due 2021 and $500,000,000 5.250% Senior Unsecured Notes due 2025 by CIT Group Inc., a financial holding company. Proceeds from the offering are expected to be used to redeem certain of CIT Group Inc.’s outstanding debt securities and for general corporate purposes.
Cahill also represented the underwriters in connection with a public offering of $400,000,000 6.125% Subordinated Notes due 2028 by CIT Group Inc. Proceeds of the offering are expected to be used for general corporate purposes.