(Reuters) - Speaking on a conference call, CIT CFO Joe Leone said the company is considering adding "change of control" provisions to debt that it issues. Generally, these provisions are designed to protect bond investors if a company should be acquired, particularly if the commercial and consumer lender were to sell itself to private equity investors.
CIT is leaning toward putting these provisions in new bonds that it issues on a case-by-case basis, should the market demand them, Chief Executive Jeff Peek told Reuters in an interview.
Read more at Reuters.com Bonds News
CIT is leaning toward putting these provisions in new bonds that it issues on a case-by-case basis, should the market demand them, Chief Executive Jeff Peek told Reuters in an interview.
Read more at Reuters.com Bonds News
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