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Il 20 maggio 2008, Giveme5 postava questo commento... a due mesi dai fatti, in effetti CIT era riuscita a rifinanziarsi...
Tiro su questo thread, ci sono news su CIT, mi pare che valga la pena di seguire.
Il bond XS0201605192 ha recuperato il pauroso 50 (!) di fine Marzo, ora quota 75, rende cioč oltre il 14% (lordo) ........
CIT to Raise Up to $12 Billion From Sales, Financing (Update1)
By Joyce Moullakis
May 20 (Bloomberg) -- CIT Group Inc., the commercial lender trying to escape a cash squeeze, won't be a ``serial issuer'' of new shares and will seek as much as $12 billion through asset sales and financing, Chief Executive Officer Jeffrey Peek said.
``We have adequate cash that takes us into 2009,'' Peek told investors and analysts at a conference in London today. ``We have plenty of capacity to evaluate our options, and we are not in a position where we have to respond to fire-sale alternatives.''
New York-based CIT plans to cut expenses by $100 million this year as it sheds more than 1,000 jobs in the first half and reviews spending, Peek said. He already has drawn down $7.3 billion of emergency credit lines, sold $5 billion in assets, raised $1 billion by selling shares and cut the company's dividend by 60 percent to quell concern about CIT's solvency.
The firm seeks to raise $8 billion to $12 billion primarily through asset sales and secured financing, Peel said. ``This assumes that the unsecured market stays pretty unattractive for companies like CIT.''
CIT has been approached by private equity firms, which have their own funding constraints, Peek said. ``Most of them have their own issues,'' he said
CIT is evaluating offers for its rail-car leasing unit valued at more than $4 billion. CIT has received ``preliminary'' interest that suggests a sale may raise $3.5 billion, Peek said. The company said last month it lost $249.7 million before preferred dividends in the first quarter.
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