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CIT jumps as Reuters reports it close to finalizing loan 10.21.2009 Shares of CIT jumped 8 percent on Oct. 14 after Reuters reported that the struggling commercial lender was getting closer to finalizing the terms of a new loan that would give it an additional $3 billion to $6.5 billion. Bloomberg had to cite Reuters for the news. Dow Jones followed with its story nearly four hours later. Late on Oct. 16, CIT and a group representing its bondholders agreed on changes to its restructuring plan. Reuters Firsts will need at least flash player 9 to give you the full experience. The latest Flash player can be downloaded here	firsts across any industry Commodities & Energy Energy, metals, agricultural and environmental markets FX & Money Markets Macroeconomics, monetary policy, FX and money markets Politics & Risk Politics and political risk Equity & Derivatives Companies, sectors, M&A and the financial industry Fixed Income Sovereign and corporate debt, credit, and ratings firsts by region Americas View stories from this region Europe / Middle East / Africa View stories from this region Asia View stories from this region Emerging Markets View stories from this region

Equity & Derivatives

Companies, sectors, M&A and the financial industry

CIT jumps as Reuters reports it close to finalizing loan

10.21.2009

Shares of CIT jumped 8 percent on Oct. 14 after Reuters reported that the struggling commercial lender was getting closer to finalizing the terms of a new loan that would give it an additional $3 billion to $6.5 billion. Bloomberg had to cite Reuters for the news. Dow Jones followed with its story nearly four hours later. Late on Oct. 16, CIT and a group representing its bondholders agreed on changes to its restructuring plan.

Reuters Firsts will need at least flash player 9 to give you the full experience. The latest Flash player can be downloaded here