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
Date of Report (Date of earliest event reported) November 9, 2005
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CIT GROUP INC.
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(Exact name of registrant as specified in its charter)
Delaware 1-1861 65-1051192
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
1211 Avenue of the Americas
New York, New York 10036
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(Address of registrant's principal executive office)
Registrant's telephone number, including area code (212) 536-1211
NOT APPLICABLE
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(Former Name or Former Address, if Changed Since Last Report)
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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: (see General Instruction A.2. below):
|_| 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))
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Section 8 - Other Events
Item 8.01. Other Events.
This Current Report on Form 8-K includes as an exhibit a press release, dated
November 9, 2005, reporting that the CIT Group Inc. has entered into an
agreement to sell the microticket leasing business of CIT's Lease Finance Group,
which has approximately $295 million of equipment leases and related
infrastructure, to affiliates of Cerberus Capital Management, L.P. and Goldman
Sachs. The transaction includes substantially all of CIT's Lease Finance Group's
assets and is expected to result in a pre-tax gain of approximately $45 million
upon closing. The press release is attached as Exhibit 99.1 and is incorporated
by reference herein.
Section 9 - Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits
Exhibits
Exhibit 99.1. Press release on the sale of CIT's Lease Finance Group, which
includes approximately $295 million of equipment leasing and infrastructure
assets.
SIGNATURES
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.
(Registrant)
By: /s/ William J. Taylor
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William J. Taylor
Executive Vice President, Controller &
Principal Accounting Officer
Dated: November 15, 2005