In a letter to CIT’s board of directors, Carl Icahn said he would give the company the loan to replace a debt restructuring plan CIT has asked bondholders to approve. He said the loan would save the company $150 million in fees.
In a letter to CIT’s board of directors, Carl Icahn said he would give the company the loan to replace a debt restructuring plan CIT has asked bondholders to approve. He said the loan would save the company $150 million in fees.