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CIT Group Inc. said that it might still have to file for bankruptcy protection if there isn’t a strong presence of bondholders to participate in a debt exchange that was recently introduced.
CIT is a commercial lender, that is one of the country’s largest lenders to …

CIT Group Inc. said yesterday that it might still have to file for bankruptcy protection if there isn’t a strong presence of bondholders to participate in a debt exchange that was recently introduced.
CIT is a commercial lender, that is one of the country’s largest lenders …

Six Flags is currently holding over a half million dollars in debt. Now the company wants to offer debt holders common stock to pay for the debt.
The company’s stock (NYSE: SIX) closed Friday at 13 cents a share, down 6 cents.
The debt exchange, announced Friday …