CIT » Topics » Principal, Maturity and Interest

This excerpt taken from the CIT 8-K filed Oct 19, 2009.
Principal, Maturity and Interest
 
Unless earlier redeemed:
 
  •  the 2013 Notes mature on May 1, 2013;
 
  •  the 2014 Notes mature on May 1, 2014;
 
  •  the 2015 Notes mature on May 1, 2015;
 
  •  the 2016 Notes mature on May 1, 2016; and
 
  •  the 2017 Notes mature on May 1, 2017.
 
Interest on the notes will be payable in the applicable currency of such note at:
 
  •  7.0% per annum with respect to the Series A notes; and
 
  •  9.0% per annum with respect to the Series B notes.
 
Interest on the notes will be payable quarterly in cash on each:
 
  •  January 10, April 10, July 10 and October 10, commencing January 10, 2010 with respect to the 2013 Notes and 2014 Notes;


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  •  February 10, May 10, August 10 and November 10, commencing February 10, 2010 with respect to the 2015 Notes and 2016 Notes; and
 
  •  March 10, June 10, September 10 and December 10, commencing March 10, 2010 with respect to the 2017 Notes.
 
CIT and CIT Funding, as applicable, will make interest payments to the persons who are registered holders at the close of business on the fifteenth day immediately preceding the applicable interest payment date. Interest on the notes will accrue from the most recent date on which interest on the notes was paid or, if no interest has been paid, from and including the date on which the notes were originally issued. Interest will be computed on the basis of a 360-day year of twelve 30-day months.
 
This excerpt taken from the CIT 8-K filed Oct 2, 2009.
Principal, Maturity and Interest
 
Unless earlier redeemed:
 
  •  the 2013 Notes mature on November 1, 2013;
 
  •  the 2014 Notes mature on November 1, 2014;
 
  •  the 2015 Notes mature on November 1, 2015;
 
  •  the 2016 Notes mature on November 1, 2016; and
 
  •  the 2017 Notes mature on November 1, 2017.
 
Interest on the notes will be payable in U.S. dollars at:
 
  •  7.0% per annum with respect to the 2013 Notes;
 
  •  7.0% per annum with respect to the 2014 Notes;
 
  •  7.0% per annum with respect to the 2015 Notes;
 
  •  7.0% per annum with respect to the 2016 Notes; and
 
  •  7.0% per annum with respect to the 2017 Notes.
 
Interest on the notes will be payable quarterly in cash on each:
 
  •  January 10, April 10, July 10, and October 10, commencing January 10, 2010 with respect to the 2013 Notes and 2014 Notes;
 
  •  February 10, May 10, August 10, and November 10, commencing February 10, 2010 with respect to the 2015 Notes and 2016 Notes; and
 
  •  March 10, June 10, September 10, and December 10, commencing March 10, 2010 with respect to with respect to the 2017 Notes.


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We will make interest payments to the persons who are registered holders at the close of business on the fifteenth day immediately preceding the applicable interest payment date. Interest on the notes will accrue from the most recent date on which interest on the notes was paid or, if no interest has been paid, from and including the date on which the notes were originally issued. Interest will be computed on the basis of a 360-day year of twelve 30-day months.
 

EXCERPTS ON THIS PAGE:

8-K
Oct 19, 2009
8-K
Oct 2, 2009
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