Brushing aside an 11th-hour effort by the billionaire investor Carl Icahn to scuttle the process, CIT Group Inc. said Wednesday that it has raised an extra $4.5 billion as it presses ahead with its restructuring plan.

The embattled firm, a lender to roughly 1 million small and midsize businesses, said it would add the $4.5 billion to a $3 billion loan put in place by a group of the firm's largest bondholders in July.

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