Cahill Represents BofA Merrill Lynch in $15.7 Billion Bond Exchange Offer by CIT

June 17, 2011

Cahill represented BofA Merrill Lynch as the sole dealer manager and solicitation agent in an exchange offer and consent solicitation by CIT Group, Inc. of its outstanding $15.78 billion 7.00% Series A Second-Priority Secured Notes due May 1, 2015, 7.00% Series A Second-Priority Secured Notes due May 1, 2016 and 7.00% Series A Second-Priority Secured Notes due May 1, 2017 for newly issued 7.00% Series C Second-Priority Secured Notes due May 4, 2015, 7.00% Series C Second-Priority Secured Notes due May 2, 2016 and 7.00% Series C Second-Priority Secured Notes due May 2, 2017.