1 de noviembre de 2009, marked a new chapter for CIT as our Board of Directors voted to proceed with a prepackaged plan of reorganization. Due to the extraordinary level of debtholder support for our plan, we expect that the in-court process will be completed by the end of the year and we will emerge a stronger and well-capitalized company. None of our operating subsidiaries, including CIT Bank, our business segments or our international business operations, are part of the filing and we expect that business as usual will continue throughout the reorganization process.
Importantly, we have the liquidity to serve our customers throughout this process. We will continue to provide funding to our small business and middle market customers, two sectors that remain vitally important to the U.S. economy, as we have for over 100 years. Over one million customers depend on our company to provide the financing needed to run their businesses, and we want to thank them for their support as we build a stronger CIT.
We will continue to share news on our progress as we move forward with our plan; come back to this page often for additional insight.
