CIT Announces Private Benchmark Offering of Second-Priority Secured Notes

CIT Group Inc. CIT, today announced that it has commenced a benchmark offering through a private placement of Series C Second-Priority Secured Notes due 2014. CIT plans to use the net proceeds from the offering to retire a portion of its Series A Second-Priority Secured Notes maturing in 2013 and pay related premiums, fees and expenses in connection therewith.