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  • November 1, 2009 at 10:11 AM #476429
    outtamojo
    Participant

    http://ir.cit.com/phoenix.zhtml?c=99314&p=irol-SECText&TEXT=aHR0cDovL2NjYm4uMTBrd2l6YXJkLmNvbS94bWwvZmlsaW5nLnhtbD9yZXBvPXRlbmsmaXBhZ2U9NjUzODQ4MSZkb2M9MyZudW09Mjk%3d

    November 2, 2009 at 10:53 AM #476746
    davelj
    Participant

    [quote=outtamojo]http://ir.cit.com/phoenix.zhtml?c=99314&p=irol-SECText&TEXT=aHR0cDovL2NjYm4uMTBrd2l6YXJkLmNvbS94bWwvZmlsaW5nLnhtbD9yZXBvPXRlbmsmaXBhZ2U9NjUzODQ4MSZkb2M9MyZudW09Mjk%3d[/quote]

    My interpretation was wrong. Looks like you get 70 cents plus the equity. That’s an awfully skinny restructuring based on the kind of loans CIT carries but, hey, if the bondholders agree to it, then so be it. It’s their money, after all.

    November 2, 2009 at 10:53 AM #476576
    davelj
    Participant

    [quote=outtamojo]http://ir.cit.com/phoenix.zhtml?c=99314&p=irol-SECText&TEXT=aHR0cDovL2NjYm4uMTBrd2l6YXJkLmNvbS94bWwvZmlsaW5nLnhtbD9yZXBvPXRlbmsmaXBhZ2U9NjUzODQ4MSZkb2M9MyZudW09Mjk%3d[/quote]

    My interpretation was wrong. Looks like you get 70 cents plus the equity. That’s an awfully skinny restructuring based on the kind of loans CIT carries but, hey, if the bondholders agree to it, then so be it. It’s their money, after all.

    November 2, 2009 at 10:53 AM #477112
    davelj
    Participant

    [quote=outtamojo]http://ir.cit.com/phoenix.zhtml?c=99314&p=irol-SECText&TEXT=aHR0cDovL2NjYm4uMTBrd2l6YXJkLmNvbS94bWwvZmlsaW5nLnhtbD9yZXBvPXRlbmsmaXBhZ2U9NjUzODQ4MSZkb2M9MyZudW09Mjk%3d[/quote]

    My interpretation was wrong. Looks like you get 70 cents plus the equity. That’s an awfully skinny restructuring based on the kind of loans CIT carries but, hey, if the bondholders agree to it, then so be it. It’s their money, after all.

    November 2, 2009 at 10:53 AM #477191
    davelj
    Participant

    [quote=outtamojo]http://ir.cit.com/phoenix.zhtml?c=99314&p=irol-SECText&TEXT=aHR0cDovL2NjYm4uMTBrd2l6YXJkLmNvbS94bWwvZmlsaW5nLnhtbD9yZXBvPXRlbmsmaXBhZ2U9NjUzODQ4MSZkb2M9MyZudW09Mjk%3d[/quote]

    My interpretation was wrong. Looks like you get 70 cents plus the equity. That’s an awfully skinny restructuring based on the kind of loans CIT carries but, hey, if the bondholders agree to it, then so be it. It’s their money, after all.

    November 2, 2009 at 10:53 AM #477412
    davelj
    Participant

    [quote=outtamojo]http://ir.cit.com/phoenix.zhtml?c=99314&p=irol-SECText&TEXT=aHR0cDovL2NjYm4uMTBrd2l6YXJkLmNvbS94bWwvZmlsaW5nLnhtbD9yZXBvPXRlbmsmaXBhZ2U9NjUzODQ4MSZkb2M9MyZudW09Mjk%3d[/quote]

    My interpretation was wrong. Looks like you get 70 cents plus the equity. That’s an awfully skinny restructuring based on the kind of loans CIT carries but, hey, if the bondholders agree to it, then so be it. It’s their money, after all.

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