CIT Group Inc. announced today that it has completed two key initiatives outlined by the company on 4 February 2002, in preparation for its return to independence.
Specifically:
The company changed its name from Tyco Capital Corporation to CIT Group Inc. and returned to its historical CIT brand. The CIT name remains synonymous with industry leading positions, financial expertise and high levels of customer satisfaction; and
The company completed the amendment of its public unsecured debt indentures to prohibit the extension of loans and payment of dividends to Tyco International, restrict the purchase of assets from and the sale of assets to Tyco International, and limit other inter-company arrangements.
