CIT Group announced a package of refinancings and asset sales on Thursday, a step that CEO John Thain billed as a sign of its more stable footing.

Among the deals is CIT's acquisition of $800 million in new funding facilities for its trade and U.K. vendor finance units. The bulk of that money is accessible through a one-year revolving trade finance facility in which Deutsche Bank and Citigroup are among the lenders.

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