CIT Announces Holders $10.9B of Notes Tendered, Results to Date of Exchange Offer and Receipt of Requisite Consents

CIT Group Inc. CIT, a leading provider of financing to small business and middle market companies, today announced, in connection with its offer to certain eligible noteholders to exchange any and all of the outstanding Series A Notes listed in the table below (the “Series A Notes”) for newly issued Series C Notes of CIT listed in the table below (the “New Series C Notes”) and the accompanying consent solicitation to all holders of Series A Notes, that it has received tenders with consents or separate consents from holders of approximately $10.9 billion in aggregate principal amount of Series A Notes, including a majority of each maturity of Series A Notes. These results constitute the successful receipt of the requisite consents for each maturity of Series A Notes in the consent solicitation.