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CIT commences notes offering

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CIT commences notes offering

CIT Group Inc. started a public offering of senior unsecured notes due 2024.

The company plans to use the proceeds from the notes offering to retire outstanding indebtedness. Any remaining proceeds will be used for return of capital and for general corporate purposes.

Barclays Capital Inc. and Keefe Bruyette & Woods are acting as joint book-running managers for the offering.