CIT Group amended its exchange offer and reorganization plan on Monday, just over a week after amending the agreement the first time. The New York-based finance company extended the expiration date of one of its offers and increased the interest rate payable on notes.

The CIT Group Funding Co. of Delaware moved the exchange offer expiration date to Nov. 5 from Oct. 29 and increased the interest rate payable on its Series B note to 10.25% from 9%. The terms had been previously amended to increase the rate to 9% from 7% and give preferred stock holders contingent value rights in the plan of reorganization.

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