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Article: Wilmington Trust Not a CIT Group Inc. Creditor.
- Article from:
- Investment Weekly News
- Article date:
- November 21, 2009
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Wilmington Trust, a leading provider of institutional trustee, agency, and administrative services through its Corporate Client Services (CCS) business, said that it is serving as trustee for certain equipment financing transactions involving CIT Group Inc. (CIT), which filed for Chapter 11 protection on Sunday, November 1, 2009 in the United States Bankruptcy Court, Southern District of New York.
News reports may have led some observers to believe that Wilmington Trust has loaned money to CIT Group. In fact, Wilmington Trust is not a creditor of CIT Group. Wilmington Trust serves as indenture trustee, transfer agent, registrar, and paying agent in various ...