CIT Bondholder Pact Proves Life After Death With Markets Rescue – Bloomberg.com
July 21 (Bloomberg) — For CIT Group Inc., the emergence of a $3 billion loan agreement with bondholders preventing bankruptcy shows there is life after death in the credit markets.
Thanks I appreciate the helpful links and have bookmarked this site.
Cheers
Joe
Yes – life in the financial market is starting to evolve after an asteroid hit the industry. Week after week there is “signs of green shoots” as I keep hearing here in the UK. Our business has stayed strong through the turmoil but we cant rest on out Laural’s. I hope more deals like this evolve in the near future but all have to be done with safety contracts to prevent this sort of thing happening again.
The credit market will be back up soon. This loan can make them if they use it the right way or break them for not putting it where it belongs.
Before you know it, we’ll all forget that we had this little “economic incident” at all.