CIT, the troubled lender to small and medium-sized businesses, is seeing little interest from bondholders in a debt exchange offer aimed at repairing its fragile balance sheet, Reuters said, citing sources familiar with the matter. The lender’s struggle to sway bondholders makes a Chapter 11 filing increasingly likely, these people told Reuters.

This entry was posted by Stacy-Marie Ishmael on Tuesday, October 13th, 2009 at 4:13 and is filed under Capital markets. Tagged with bankruptcy, CIT. Edit this entry.