Icahn Helps To Finance CIT Bankruptcy

Billionaire investor Carl Icahn, whose USD4.5 billion offer to help keep CIT Group afloat was rebuffed by the troubled lender, has agreed to supply the firm USD1 billion to finance its pre-packaged bankruptcy.

  • 02 Nov 2009
Billionaire investor Carl Icahn, whose USD4.5 billion offer to help keep CIT Group afloat was rebuffed by the troubled lender, has agreed to supply the firm USD1 billion to finance its pre-packaged bankruptcy. In addition, CIT has inked a deal with Goldman Sachs to keep a credit line ...

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4 HSBC 16,833.19 48 6.49%
5 Barclays 16,808.93 39 6.48%

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2 Credit Agricole CIB 50,115.87 240 6.03%
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5 SG Corporate & Investment Banking 43,321.52 173 5.21%

Bookrunners of all EMEA ECM Issuance

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1 Morgan Stanley 114.77 1 17.52%
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4 Oakley Advisory Ltd 64.52 1 9.85%
4 Barclays 64.52 1 9.85%