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CIT Group (CIT) announces it will redeem $1B more of its 7% Series A second-lien notes, putting...

CIT Group (CIT) announces it will redeem $1B more of its 7% Series A second-lien notes, putting it on pace to have eliminated a total of $14.5B of debt since the beginning of 2010. The firm's CEO says, "we continue to make great progress reducing our funding costs."
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