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CIT Vendor Finance and Agfa Announce Financing Relationship

Press release from the issuing company

NEW YORK and MORTSEL, Belgium, Nov. 8 -- CIT Vendor Finance, a unit of CIT Group Inc., a leading global provider of commercial and consumer finance solutions, announced today a financing relationship in selected markets with Agfa-Gevaert, a leading developer, manufacturer and distributor of imaging and information technology. Under the terms of the agreement, CIT will provide vendor financing solutions for products and services in the printing industry, the healthcare sector and for specific industrial applications. Thomas B. Hallman, CIT Vice Chairman, Specialty Finance, said, "As Agfa-Gevaert's provider of tailored financing solutions, CIT expects to play a key role in expanding the company's business worldwide. We are excited to extend our global leadership in vendor finance through this strategic relationship, which reflects our ability to provide customized financing solutions for customers in the growing graphics and healthcare markets."

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