Sponsors
Billabong ▼ -0.010 | PPR ▼ -1.15 | American Apparel ▼ -0.01 | The Buckle ▼ -0.03 | Columbia ▼ -0.06 | Deckers Outdoor ▼ -0.27 | Dicks ▲ +0.57 | Foot Locker ▲ +0.39 | Genesco ▲ +0.32 | Iconix Brand Group ▼ -0.15 | Jarden Corp ▼ -0.10 | Nordstrom ▲ +0.87 | Luxottica ▼ -2.19 | Nike ▲ +0.34 | Pacific Sunwear ▲ +0.05 | Skullcandy ▲ +0.30 | Sport Chalet - 0 | Urban Outfitters ▲ +0.32 | VF Corp ▲ +0.63 | Quiksilver ▼ -0.07 | Zumiez ▼ -0.01 | Macys ▲ +1.33 | Tillys ▼ -0.04 |
Ticker Sponsor
Readers Say
The most up-to-date information
The most up-to-date information

“Shop-Eat-Surf is a great source for the most up to date information of what is going on in our industry. I always enjoy reading the articles and appreciate the effort from Tiffany and her team."

- By Richard Woolcott, CEO and Founder, Volcom
Useful on a daily basis
Useful on a daily basis

It's well balanced information that is useful on a daily basis. I'm very satisfied with the Executive Edition. I start each day with SES and a big cup of coffee!

- By Tom Ruiz, EVP Sales, Volcom
Industry Insight

KNOWSHOW: Video recaps from the Vancouver trade show.

MOSS ADAMS CAPITAL: Geofrey Haydon on the deal that saw the owner of Royal Robbins invest in Evolv.

Details on Industry Insight.


Tiffany Montgomery
Print This Article

CIT receives remaining $1 billon of $3 billion loan

By
August 07, 2009 9:22 AM

From the Associated Press:

NEW YORK - Commercial lender CIT Group Inc., which is trying to avoid filing for bankruptcy protection, said Friday that it has received the remaining $1 billion available under a $3 billion credit agreement and is suspending preferred dividend payments.

The company, which is one of the nation's largest lenders to small and midsize businesses, said it will use a substantial portion of the new borrowing to support its small and middle market customers.

Click here for the full story.


More on: CIT, bankruptcy, agreement

Articles You Might Have Missed