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CIT Group Announces Senior Notes Offering

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7/31/2012 1:25 PM ET

CIT Group Inc. (CIT: Quote) said Tuesday that it has commenced an offering of senior unsecured notes due 2017 and senior unsecured notes due 2022 in a transaction registered with the U.S. Securities and Exchange Commission.

The company said it plans to use the net proceeds from the offering of the Notes for general corporate purposes and the refinancing of its outstanding 7% Series C Notes due 2016 and/or 2017.

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