CIT is negotiating a loan of ten billion dollars

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CIT Group CIT negotiating to obtain a new credit facility valued at ten billion dollars that could allow the establishment of SME loans to meet its obligations mature and avoid bankruptcy, has we learned from a source close to the situation.

The details of this operation are discussed and the amount of the credit line could be significantly less than ten billion dollars, or even zero, if CIT is able to renegotiate the terms of certain debts he has yet to meet, have reported two prohibitive source file.

These lines include a loan of three billion dollars granted to CIT by its bondholders and a credit facility provided by Goldman Sachs GS .( CIT is negotiating a loan of ten billion dollars )