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) October 17, 2002
CIT GROUP INC.
(Exact name of registrant as specified in its charter)
Delaware 1-1861 65-1051192
(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
1211 Avenue of the Americas
New York, New York 10036
(Address of registrant's principal executive office)
Registrant's telephone number, including area code (212) 536-1390
Item 5. Other Events.
This Current Report on Form 8-K includes as an exhibit a press release reporting
that CIT Group Inc. entered into a new 364-day bank credit facility, in an
aggregate principal amount of $2.3 billion, on October 15, 2002. Simultaneous
with entering into the new 364-day bank credit facility, CIT also agreed to
amend its outstanding 5-year bank credit facilities to adjust pricing.
Item 7. Financial Statements and Exhibits.
(c) Exhibits.
99.1 Press release issued by CIT Group Inc. on October 17, 2002.
99.2 $2,300,000,000 364-Day Credit Agreement, dated as of October 15, 2002,
among CIT Group Inc., the banks and other financial institutions from time
to time parties thereto, J.P. Morgan Securities, Inc., as sole lead
arranger and bookrunner, JPMorgan Chase Bank, as administrative agent, and
Barclays Bank PLC, Bank of America, N.A. and Citibank, as syndication
agents.
99.3 First Amendment, dated as of October 7, 2002, to the 5-Year Credit
Agreement, dated as of March 28, 2000, amount CIT Group Inc. (formerly
known as The CIT Group, Inc.), the several banks and other financial
institutions from time to time parties thereto, J.P. Morgan Securities
Inc. (formerly known as Chase Securities Inc.), as sole arranger and book
manager, Barclays Bank PLC, Bank of America, N.A., Citibank, N.A. and
Mizuho Corporate Bank, Ltd. (formerly known as The Dai-Ichi Kangyo Bank,
Limited), as syndication agents, and JPMorgan Chase Bank (formerly known
as The Chase Manhattan Bank), as administrative agent.
99.4 Fourth Amendment, dated as of October 7, 2002, to the Five-Year
$765,000,000 Credit Agreement, dated as of April 13, 1998, among Capita
Corporation (formerly known as AT&T Capital Corporation), as Borrower, CIT
Financial Ltd. (formerly known as Newcourt Credit Group Inc.) and Newcourt
Credit Group USA Inc., as Guarantors, the Banks parties thereto, JPMorgan
Chase Bank (a successor to Morgan Guaranty Trust Company of New York), as
Administrative Agent, Canadian Imperial Bank of Commerce, as syndication
agent, JPMorgan Chase Bank (formerly known as The Chase Manhattan Bank)
and Deutsche Bank AG, New York Branch, as co-documentation agents, and
J.P. Morgan Securities Inc. and CIBC Oppenheimer Corp., as arrangers.
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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/ Joseph M. Leone
-----------------------------
Joseph M. Leone
Executive Vice President and
Chief Financial Officer
(Principal Accounting and
Financial Officer)
Dated: October 17, 2002
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