Baxter & Baxter, LLP | Portland Oregon Bankruptcy : CIT Group receives $1 billion loan from Icahn

{ 2009 11 02 }

CIT Group receives $1 billion loan from Icahn

NEW YORK – (AP) Commercial lender CIT Group Inc. said Friday that billionaire investor and bondholder Carl Icahn agreed to support the company’s restructuring plan amid reports CIT may soon file for bankruptcy protection. Icahn also agreed to provide CIT with a $1 billion line

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CIT Group receives $1 billion loan from Icahn

Posted by on Monday, November 2, 2009, at 1:05 am. Filed under Uncategorized. Tagged Bankruptcy. Follow any responses to this post with its comments RSS feed. You can post a comment or trackback from your blog.

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CIT Group receives $1 billion loan from Icahn

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