CIT Group Inc.'s tender offer for its $1 billion in floating-rate notes due Monday was successful, giving the lender a little more breathing room on its debt.

But the 59.8% of notes that were tendered was below the level the company had announced this month.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.