Attached files

file filename
EX-99.2 - DESCRIPTION OF CASH SWEEP AND REQUIRED CASH SWEEP PAYMENTS - CIT GROUP INCe43594ex99_2.htm
EX-99.1 - NOTICE DATE REPORT FOR QUARTER ENDED MARCH 31, 2011 - CIT GROUP INCe43594ex99_1.htm

OMB Approval
OMB Number: 3235-0060
Expires: February 28, 2013
Estimated average burden
hours per response....5.00

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

May 16, 2011

Date of Report (Date of earliest event reported)

CIT GROUP INC.

(Exact name of registrant as specified in its charter)

Delaware 001-31369 65-1051192



(State or other jurisdiction of (Commission File Number) (I.R.S. Employer Identification No.)
incorporation)    

11 West 42nd Street
New York, New York 10036

(Address of principal executive offices, including zip code)

(212) 461-5200

(Registrant's telephone number, including area code)

Not Applicable

(Former name or address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[  ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[  ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[  ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[  ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))



Section 8 – Other Events.

Item 8.01 Other Events.

This Current Report on Form 8-K includes as an exhibit the Notice Date Report (the “Report”) furnished to noteholders for the quarter ended March 31, 2011 under Section 7.15(e) of the First Supplemental Indenture dated as of December 10, 2009 among CIT Group Inc. (“CIT”), as Issuer, the Guarantors Named Therein, as Guarantors, and Deutsche Bank Trust Company Americas, as Trustee, Series A Parent Collateral Agent and Series A Subsidiary Collateral Agent, supplementing the Indenture dated as of December 10, 2009 between CIT Group Inc., as Issuer, and Deutsche Bank Trust Company Americas, as Trustee (the “Series A Indenture”).

The Report sets forth, among other things, the March 31, 2011 balances required to be reported under the cash sweep provisions of the Series A Indenture. A copy of the Report is attached hereto as Exhibit 99.1. In accordance with the cash sweep provisions of the Series A Indenture, no payment is required to be made under the cash sweep provisions of the Series A Indenture for the quarter ended March 31, 2011.

CIT previously provided a description of the cash sweep provisions in the Series A Indenture on pages 76 and 77 of its Annual Report on Form 10-K for the year ended December 31, 2009 that was filed with the United States Securities and Exchange Commission (the “Commission”) on March 16, 2010. A description of the cash sweep provisions of the Series A Indenture is attached as Exhibit 99.2 to this report. The description included in this report is derived from that set forth in CIT’s Annual Report on Form 10-K and is qualified in its entirety by the terms of the Series A Indenture.

For further reference, the Series A Indenture was attached as Exhibit 4.1 and Exhibit 4.2 to CIT’s Current Report on Form 8-K filed with the Commission on December 16, 2009.

Section 9 – Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits.

      (d)     

Exhibits

     
    The following exhibits are filed or furnished herewith:

  99.1  Notice Date Report for Quarter Ended March 31, 2011 (Series A Indenture).
     
  99.2 Description of Cash Sweep and Required Cash Sweep Payments.

This document contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. All forward-looking statements (including statements regarding future financial and operating results) involve risks, uncertainties and contingencies, many of which are beyond CIT’s control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. All statements contained in this document that are not clearly historical in nature are forward-looking, and the words “anticipate,” “believe,” “expect,” “estimate,” “plan,” and similar expressions are generally intended to identify forward-looking statements. Economic, business, funding, market, competitive and/or regulatory factors, among others, affecting CIT’s businesses are examples of factors that could cause actual results to differ materially from those described in the forward-looking statements. More detailed information about these factors are described in CIT’s filings with the Commission, including its Annual Report on Form 10-K for the fiscal year ended December 31, 2010 and its Quarterly Report on Form 10-Q for the fiscal quarter ended March 31, 2011. CIT is under no obligation to (and expressly disclaims any such obligation to) update or alter its forward-looking statements, whether as a result of new information, future events or otherwise.

-2-


SIGNATURE

     Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

  CIT GROUP INC.
     
     
Dated: May 16, 2011 By: /s/ Glenn A. Votek
   
    Name: Glenn A. Votek
    Title: Executive Vice President & Treasurer

-3-


EXHIBIT INDEX

Exhibit Number Description
   
99.1 Notice Date Report for Quarter Ended March 31, 2011 (Series A Indenture).
   
99.2 Description of Cash Sweep and Required Cash Sweep Payments.

-4-