0000891092-11-003737.txt : 20110603 0000891092-11-003737.hdr.sgml : 20110603 20110602182428 ACCESSION NUMBER: 0000891092-11-003737 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20110602 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20110603 DATE AS OF CHANGE: 20110602 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CIT GROUP INC CENTRAL INDEX KEY: 0001171825 STANDARD INDUSTRIAL CLASSIFICATION: FINANCE LESSORS [6172] IRS NUMBER: 651051192 STATE OF INCORPORATION: DE FISCAL YEAR END: 0812 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-31369 FILM NUMBER: 11889736 BUSINESS ADDRESS: STREET 1: 1 CIT DRIVE CITY: LIVINGSTON STATE: NJ ZIP: 07039 BUSINESS PHONE: 9737405000 MAIL ADDRESS: STREET 1: 1 CIT DRIVE CITY: LIVINGSTON STATE: NJ ZIP: 07039 FORMER COMPANY: FORMER CONFORMED NAME: CIT GROUP INC DEL DATE OF NAME CHANGE: 20020422 8-K 1 e43888_8k.htm FORM 8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): June 2, 2011 (May 27, 2011)

CIT GROUP INC.
(Exact name of registrant as specified in its charter)

Delaware 001-31369 65-1051192
(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)    

11 West 42nd Street
New York, New York 10036
(Address of registrant's principal executive office)

Registrant's telephone number, including area code: (212) 461-5200

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
   
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
   
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))


2

Item 8.01. Other Events.

     On May 31, 2011, CIT Group Inc. announced the results to date of its offer to certain eligible noteholders to exchange any and all of the outstanding Series A Notes listed in the table below (the “Series A Notes”) for newly issued notes of CIT listed in the table below (the “New Series C Notes”) (the “Exchange Offer”). As of the Early Deadline, which was 5:00 p.m., New York City time, on May 27, 2011, a total of $8,754,429,138 (or 55.5%) of the outstanding Series A Notes had been tendered in the Exchange Offer. CIT also announced that it received consents from holders of a majority in principal amount of Series A Notes due in each of 2015, 2016 and 2017 in its consent solicitation which was open to all holders of the Series A Notes (the “Consent Solicitation”) and expired at the Early Deadline. The table below shows the principal amount of (a) tendered Series A Notes and (b) tendered or consented Series A Notes by maturity.

CUSIP
Number		 Principal
Amount
Outstanding		 Title of
Series A Notes		 Title of
New Series C
Notes		 Principal
Amount of
Series A Notes
Tendered for
Exchange		 Principal
Amount of
Series A Notes
Tendered or
Consented
125581FV5 $3,156,011,226 7.00% Series A Second-Priority Secured Notes due May 1, 2015 7.00% Series C Second-Priority Secured Notes due May 4, 2015 $1,553,682,452 (49.2%) $1,886,849,186 (59.8%)
125581FW3 $5,260,018,699 7.00% Series A Second-Priority Secured Notes due May 1, 2016 7.00% Series C Second-Priority Secured Notes due May 2, 2016 $3,091,406,124 (58.8%) $3,745,203,276 (71.2%)
125581FX1 $7,364,026,178 7.00% Series A Second-Priority Secured Notes due May 1, 2017 7.00% Series C Second-Priority Secured Notes due May 2, 2017 $4,109,340,562 (55.8%) $5,294,285,282 (71.9%)

     A copy of the Press Release announcing the results of the Exchange Offer to date and the Consent Solicitation is included as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

99.1 Press release dated May 31, 2011.

This document contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. All forward-looking statements (including statements regarding future financial and operating results) involve risks, uncertainties and contingencies, many of which are beyond CIT’s control, which may cause actual results, performance, or achievements to differ materially from


3

anticipated results, performance, or achievements. All statements contained in this document that are not clearly historical in nature are forward-looking, and the words “anticipate,” “believe,” “expect,” “estimate,” “plan,” and similar expressions are generally intended to identify forward-looking statements. Economic, business, funding market, competitive and/or regulatory factors, among others, affecting CIT’s businesses are examples of factors that could cause actual results to differ materially from those described in the forward-looking statements. More detailed information about these factors are described in CIT’s filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended December 31, 2010. CIT is under no obligation to (and expressly disclaims any such obligation to) update or alter its forward-looking statements, whether as a result of new information, future events or otherwise.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

  CIT GROUP INC.
  (Registrant)

  By: /s/ Glenn A. Votek          
 
    Glenn A. Votek
    Executive Vice President &
Treasurer

Dated: June 2, 2011

 EX-99.1 2 e43888ex99_1.htm PRESS RELEASE

Exhibit 99.1


FOR IMMEDIATE RELEASE

CIT ANNOUNCES RESULTS TO DATE OF EXCHANGE OFFER

AND RECEIPT OF REQUISITE CONSENTS

     NEW YORK – May 31, 2011– CIT Group Inc. (NYSE: CIT), a leading provider of financing to small business and middle market companies, today announced, in connection with its offer to certain eligible noteholders to exchange any and all of the outstanding Series A Notes listed in the table below (the “Series A Notes”) for newly issued Series C Notes of CIT listed in the table below (the “New Series C Notes”) and the accompanying consent solicitation to all holders of Series A Notes, that it has received tenders with consents or separate consents from holders of approximately $10.9 billion in aggregate principal amount of Series A Notes, including a majority of each maturity of Series A Notes. These results constitute the successful receipt of the requisite consents for each maturity of Series A Notes in the consent solicitation.

     The table below shows (i) the principal amount of Series A Notes of each maturity that has been tendered with consent as of the Early Deadline, which was 5:00 p.m., New York City time, on May 27, 2011, and (ii) the total principal amount of Series A Notes of each maturity that has either been tendered with consent or separately consented as of the Early Deadline.


2

CUSIP
Number		 Principal
Amount
Outstanding		 Title of
Series A Notes
to be Exchanged		 Title of
New Series C Notes
to be Issued		 Principal Amount of
Series A Notes
Tendered for
Exchange		 Principal Amount
of Series A Notes
Tendered or
Consented
125581FV5 $3,156,011,226 7.00% Series A Second-Priority Secured Notes due May 1, 2015 7.00% Series C Second-Priority Secured Notes due May 4, 2015 $1,553,682,452
(49.2%)		 $1,886,849,186
(59.8%)
125581FW3 $5,260,018,699 7.00% Series A Second-Priority Secured Notes due May 1, 2016 7.00% Series C Second-Priority Secured Notes due May 2, 2016 $3,091,406,124
(58.8%)		 $3,745,203,276
(71.2%)
125581FX1 $7,364,026,178 7.00% Series A Second-Priority Secured Notes due May 1, 2017 7.00% Series C Second-Priority Secured Notes due May 2, 2017 $4,109,340,562
(55.8%)		 $5,294,285,282
(71.9%)
Total $15,780,056,103   $8,754,429,138
(55.5%)		 $10,926,337,744
(69.2%)

     Accordingly, the covenants for these Series A Notes will generally be replaced with the same covenants that govern CIT’s existing 5.25% Series C Second-Priority Secured Notes due 2014 and 6.625% Series C Second-Priority Secured Notes due 2018.

     The exchange offer will expire at 11:59 p.m., New York City time, on June 13, 2011 (unless extended by CIT). Under the terms of the exchange offer, tendered Series A Notes may no longer be withdrawn. For any Series A Notes tendered and accepted after the Early Deadline and prior to the expiration of the exchange offer, eligible holders will receive $970 in principal amount of New Series C Notes per $1,000 principal amount of Series A Notes.

     The consent solicitation expired at the Early Deadline and consents may no longer be revoked.

     Consummation and settlement of the exchange offer and consent solicitation are expected to occur within three business day after the expiration of the exchange offer.

Available Documents and Other Details

     Documents relating to the exchange offer will only be distributed to noteholders who complete and return an eligibility form confirming that they are either a “qualified


3

institutional buyer” under Rule 144A or not a “U.S. person” under Regulation S for purposes of applicable securities laws. Noteholders who desire to complete an eligibility form should either visit the website for this purpose at http://www.dfking.com/cit or request instructions by sending an e-mail to cit@dfking.com or calling D. F. King & Co., Inc., the information agent for the exchange offer and consent solicitation, at (800) 628-8536 (U.S. Toll-free) or (212) 269-5550 (Collect).

     The New Series C Notes will not be registered under the Securities Act of 1933, as amended (the “Securities Act”) or any other applicable securities laws and, unless so registered, the New Series C Notes may not be offered, sold, pledged or otherwise transferred within the United States or to or for the account of any U.S. person, except pursuant to an exemption from the registration requirements thereof. Accordingly, the New Series C Notes are being offered and issued only (i) in the United States to “qualified institutional buyers” (as defined in Rule 144A under the Securities Act) and (ii) outside the United States to non-U.S. persons (as defined in Regulation S under the Securities Act) who are “non-U.S. qualified offerees” within the meaning of Article 2.1(e) of the Prospectus Directive as adopted within each relevant member state of the European Economic Area, in a private transaction in reliance upon an exemption from the registration requirements of the Securities Act. CIT will enter into a registration rights agreement in connection with the exchange offer, pursuant to which, under certain circumstances, it will agree to file an exchange offer registration statement or a shelf registration statement with respect to the New Series C Notes. Under the terms of the registration rights agreement, CIT will not be required to make the registered exchange offer if certain conditions are satisfied, including that the New Series C Notes are freely tradable under Rule 144 of the Securities Act before the required date for the consummation of the registered exchange offer under the registration rights agreement.

     The complete terms and conditions of the exchange offer and consent solicitation are set forth in the informational documents relating to the exchange offer and consent solicitation. The exchange offer and the consent solicitation for Series A Notes due in any year are each independent of the exchange offer or consent solicitation for Series A Notes


4

due in any other year. CIT’s $1.76 billion of 7.00% Series A Second-Priority Secured Notes due 2014 are not subject to the exchange offer or the consent solicitation.

     This press release is for informational purposes only and is neither an offer to purchase nor a solicitation of an offer to sell the New Series C Notes. The exchange offer is only being made pursuant to the Confidential Offering Memorandum and Consent Solicitation Statement dated May 16, 2011 and the related letter of transmittal. For holders that are not eligible to participate in the exchange offer, the consent solicitation is being made only pursuant to the Consent Solicitation Statement dated May 16, 2011 and related letter of consent. Neither the exchange offer nor the consent solicitation is being made to holders of the Series A Notes in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities, blue sky or other laws of such jurisdiction.

Cautionary statement regarding forward-looking statements:

This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. All forward-looking statements (including statements regarding future financial and operating results) involve risks, uncertainties and contingencies, many of which are beyond CIT’s control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. All statements contained in this document that are not clearly historical in nature are forward-looking, and the words “anticipate,” “believe,” “expect,” “estimate,” “plan,” and similar expressions are generally intended to identify forward-looking statements. Economic, business, funding market, competitive and/or regulatory factors, among others, affecting CIT’s businesses are examples of factors that could cause actual results to differ materially from those described in the forward-looking statements. More detailed information about these factors are described in CIT’s filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended December 31, 2010. CIT is under no obligation to (and expressly disclaims any such obligation to) update or alter its forward-looking statements, whether as a result of new information, future events or otherwise.

The following factors, among others, could cause actual results to differ materially from those expressed or implied in forward-looking statements: capital markets liquidity; risks of and/or actual economic slowdown, downturn or recession; industry cycles and trends; uncertainties associated with risk management, including credit, prepayment, asset/liability, interest rate and currency risks; estimates and assumptions used to fair value the balance sheet in accordance with fresh start accounting and actual variation between the estimated fair values and the realized values; adequacy of reserves for credit losses; risks inherent in changes in market interest rates and quality spreads; funding


5

opportunities, deposit taking capabilities and borrowing costs; risks that CIT will not have sufficient liquidity due to material increases in customer drawdowns on outstanding commitments; risks that the restructuring of CIT’s capital structure did not result in sufficient additional capital or improved liquidity; risks that CIT will be unable to comply with the terms of the Written Agreement with the Reserve Bank; conditions and/or changes in funding markets and our access to such markets, including commercial paper, secured and unsecured term debt and the asset-backed securitization markets; risks of implementing new processes, procedures, and systems; risks associated with the value and recoverability of leased equipment and lease residual values; application of fair value accounting in volatile markets; application of goodwill accounting in a recessionary economy; changes in laws or regulations governing our business and operations; changes in competitive factors; demographic trends; future acquisitions and dispositions of businesses or asset portfolios; and regulatory changes and/or developments. CIT undertakes no duty to update any forward looking statement.

###

CIT MEDIA RELATIONS:
C. Curtis Ritter
Director of Corporate Communications
(973) 740-5390
Curt.Ritter@cit.com

CIT INVESTOR RELATIONS:
Ken Brause
Executive Vice President
(212) 771-9650
Ken.Brause@cit.com

 GRAPHIC 3 a43888x4x1.jpg GRAPHIC begin 644 a43888x4x1.jpg M_]C_X``02D9)1@`!`0$`9`!D``#_[@`.061O8F4`9``````!_]L`0P`!`0$! M`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$! M`0$!`0$!`0$!`0$!`0$!_]L`0P$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$! M`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!_\``$0@` M10"%`P$B``(1`0,1`?_$`!\```$%`0$!`0$!```````````!`@,$!08'"`D* M"__$`+40``(!`P,"!`,%!00$```!?0$"`P`$$042(3%!!A-180'EZ@X2%AH>(B8J2DY25EI>8F9JBHZ2EIJ>H MJ:JRL[2UMK>XN;K"P\3%QL?(R;GZ.GJ\?+S]/7V M]_CY^O_$`!\!``,!`0$!`0$!`0$````````!`@,$!08'"`D*"__$`+41``(! M`@0$`P0'!00$``$"=P`!`@,1!`4A,08205$'87$3(C*!"!1"D:&QP0DC,U+P M%6)RT0H6)#3A)?$7&!D:)BH*#A(6&AXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*SM+6V MM[BYNL+#Q,7&Q\C)RM+3U-76U]C9VN+CY.7FY^CIZO+S]/7V]_CY^O_:``P# M`0`"$0,1`#\`_OXIKN$&3GOT&>G_`.OBAF"YR<'&>A/\@:_+W_@HI_P5`^#? M[!GAVPT[4(I_'GQG\3:3=:EX,^&6E2BV$EFLHLXM?\7ZP\4Z>'/#AN_-6U?[ M-=ZGKKV=Y;Z1921V][?Z?Z63Y+FW$.98;)\BP&)S3,\7*U'!X2*G5=.#C[:M M+F<84J&'A+VE>O4E&G1A[TGK%/Q.(>(LEX5RG%9WG^987*LMPJC[3%8N?)!U M)W5*A2@KSKXBM).-##TDZE62Y8I)2E'],[W5M/TVVEO-0NH+&T@1I)[J\FBM MK>"-06:2:>:1(HHPH+%Y'50O)('-?,7BC]NS]B_P7=2V'BG]JK]GW1=1A.)- M-O/B]X!740=VTYL4U][I0&^5B\2A""7*@9K^!C]J3_@H;^U;^U[?:C_PMKXI MZTWA&\OY+NQ^&OA>1O#/P]TFU._[-8#P_IK0C6C;"60#4?$MQK.J2,S-/>3G MRC!\5`Q=6:1GQG<5#?,%`!)+[F((&"<2?3#HT<=5P_"O"M/&8. M$^6EF.+[Z8A4TWP]\5?`^JZH69Q$JG3;37);U6:1@BJT`8M\H!)&?HJ M.YCE"E`Q#`$$;2,,-RG*L<[@%-*\.7VGI87>HZ MGID<,TNK^*]"N5NUGTFY=XTM)(1"\#+<,[21QQ_L:?MJ?!S]MGX2:;\3_A;J MTD5TI%EXQ\$:O/:#Q5X&UW,JOI6NV=K-,GV>X,!E=;B"W M_,+_`(*K$-\?O!I!R/\`A4NB_P#J6^-*_EG&X#&99CL3EF9X:M@L_L\?]";\9_P#PG?`_ M_P`\6E'_``58_9Y)`_X0WXSY9E49\/>!P,L0H&?^%B]R0*_G[_(?4@>PZ]R< M`#J20!R17Z2?L8_L-ZC\7Y-/^*'Q/MGL/A9!/^L=9\;310@0R1&,0 M/8^'(KME-Q>B=9]3,+6EI'';?:KQL%"#:3ERW:3=]KVUM9OSV>^B>B.SGDDW M:Z6ME97MK:[T5[;O17^[]E_@?^T%H_QYT.3Q1X<\`?$OPSX98$:;KOCC2O#6 ME6>O,DACE&B0:7XLUS4;R*)@X:\:QAL'>.:"&[EN()H4]X\Y/?\`*O\`-^\? M_MN?MA>$O'WCCPKX:_:?^/F@^&_#/C'Q3H/AS0='^*WC/3])T31=&UR_T[2M M+TRQM]8$%GI^GV-M!:VMK"JQQ6\,,2C;$H'*?\/`?VX/^CM_VC?_``\7CK_Y MR MY6?Z5GG)[_E1YR>_Y5_FI_\`#P']N#_H[?\`:-_\/%XZ_P#ES1_P\!_;@_Z. MW_:-_P##Q>.O_ES5_P#$JG%O_12\/_=F7E_U+O7^ML/^)QN&/^B3SS_PIR[_ M`.://\^S/]*SSD]_RH\Y/?\`*O\`-3_X>`_MP?\`1V_[1O\`X>+QU_\`+FC_ M`(>`_MP?]';_`+1O_AXO'7_RYH_XE4XM_P"BEX?^[,O+_J7>O];'_$XW#'_1 M)YY_X4Y=_P#-'G^?9G^EC1117\N']D'R/^VW^U?X._8Q_9[\%NWT>S M&D>#]!"L9?%/C[68;N'PGX=5EDC\JWO;^'SM3N2ZM9Z/:ZE>0K<36R6TO^(+[Q-XV\9ZQ=:UKFJW\\TV;FXF=TL+".5Y%L=%TR M!HM/T72[8BTTS2K>TL+58XK=8D_IA_X.7/BYJ)U?]FGX$6EU-'I*:5XM^+7B M"Q5U$-[?SW<7@WPA<2J>2^GP0^-8XB>,:E)CN1_*PXV[0CAI22E#ZS4A5K5Y0 M:52'L8-/V*E+_-KZ4_'>.SOC>MP?0KRIY/PQ3HJ=&$I1ABLTQ.&PF(Q5:M%- M1F\-"5&A04E)TY*M.+3K.,6T5[U^S7^SM\0_VJ?C-X-^!WPNM+>Z\6>,KNZC M-W>RF'2M`T:PL7U'6_$FLS*CR+I>DZ9%F>(_A-9?&;Q='901Z_XS^*=S>Z])JVI-#']NFLO#GG M6WAK1]-^U"5]/M+/2C<);-$+K4M2E'VV7[[Q'\8N&/#:IA<)F5+&YEFF,ISK M4LNRY4?:TJ,&HQK8JI7JTH4*522G&G)*I*3IS]Q)7/S?PR\$N*_%&GB\7E-7 M!9;EF"J0I5\QS-UH49U914G2PT*%.M.O5IQE&4X_NU&,X^\V^4_@*HK^XK]L MG_@A'^R]\9O"%[??LZ>'=&_9Y^+5O/;W.GZG8S>(+_X>:Q#&P%QI&N^#S?W= MII<=Q&6DM]8\-6MI=65TJS75EJUN#9M^50_X-M?VH"`?^%[_``*Y`/%KX^4< M\\*?"V5'^R>G2O%R+Z0_AMF^"6)QF95\@K\W+/!YKAJTJJ:2NZ=3`0QE&I!7 M^+GB_P"ZGH>YQ%]&GQ3R/'O!X+*:/$5%Q4X8[*,335%QD[)3IXYX2M3F_P"5 MP>SUVO\`D?\`L.?M@_$']B?X[^'OB_X&(O\`33Y?A_XA>%+II&T[Q;X$OK^R MN-;TUXTGA$.JVZ6D6HZ%J!;.GZO9V-Q+'=60N[.Z_I]_X*,^-O#GQ)^)7PC^ M('A#4H-8\*^-?@+X.\4^'-5M@RQ:CHFNZ]XLU+3+Q%?$BK<6MS'(%=5:,L87 M`FBE1/ST/_!MK^T^J[C\>/@0`#_$GCU#GZ'PTH7Z[>G/I7577C;P7_P2:\7? M"SX&_MM:#K'[3?B#P=\.%\2_">'X!='\(:_X\\>7%IIGBFU\=S:9JFK M7NA^(H_$#Z7I(A;1+?3;JVCW30BWM+'\7\8*'"/BAF&58_P[QN'SGBU*OA\? MEN"HUL/6S+`4J<:U/%MXFEAJ#K8-*49U*E3VDZ.EVX1@?N_@CC.,O"#!9M@O M$W+\9D7!=6%"O@LRQU6EB*.69K4J0IQPD886MB:[I9A#VDE"E2<*5>DI23C4 ME4I_IM^Q3^P8_C5='^+GQKTV2+P?+!9:SX,\&/+)%=>)OG6XMM7\1PHH,7AI MT\J2TTLRKPPZ4T<6I?N9';P06HB@1(H88Q%%%&%6.*.$&..)%7*HL M:C:$7"IMVA5&5K^;:/\`X.4_V<(HXXH_V=?C4D,:!(T6]\#!$50%5$4:N%55 M4!55<````8`PDO\`P]?C7 M_$&O%!WF^#LP5M;.O@&[*W18IR?HHN3Z)O0_=O\`B/7A+R24>,\!)M-)?5\Q MBVVDE'7!\J;;2NY):W;2NU_)?\8O^2O?%3_LH_CS_P!2C5Z\VK^CNX_X-^OV MC?BY-=?%C1OC/\%]+TCXGW%S\0=+TS4H_&QU73M,\:2MXELK"_6'PZ\/VVUM M=3BM[KRG>/SHY/+=DVN?D']M7_@CK\:_V(O@O)\;?'?Q.^&'B[0E\3Z#X5.C M^$H_%/\`:WVW7VNEMILZKHME:)!";5_.W7`8!P5!P'E*IAX04U)M2:E*":]V4T[K_/'B/P<\1C^FOD?D:BG+ ME;LM=;7V[+N^EVEW:"BOV(_8R_X(U?&[]M;X(Z9\<_`OQ1^%WA+0-3UWQ#H$ M.C^*H?%;ZO'<>'+\Z?=32MI.A7]D89Y`)(-MR7,9RR*W1Z'ZEEO@GXH9O@,%F>6\)8[%X#,,/1Q>$Q,*V!C"MAZ\(SI MU%&IBH32E&2=G%>5[IO^SFBBBO\`+L_U\/XH_P#@Y'2X/[;7PC9UD-HW[+/A M`0$X\IKF/XM_&)?@_X@N/*.;>[N7?QCX10S(A.RY6'Q@&2 M1@HD@A6,JUPY/\HX.PH0"-C!OF[L`,@XQ\N",#@X)YYK_33P-S"AF/A?PE[& MUL%0Q.7XCE:YH5<+C:L:D:D;MQGRM5H+>5*M":^-H_R=^D'E^(R[Q;XR]NIQ M^LXS"YAA^:+Y)T,=@L/6A)2M9IN/)I?6,XOX+'[^_P#!N9<>'X?VU_B%%J9A M36KG]G7Q;#X=,RJ6E9?'GP[N=3AMR02+K[`DDA"*LAM([G[T9"OC+\,-9DT3Q;X(U>+4[9Q MYS6FL:>S>7JWAK68(6#7>A^(=.>YTG4[;*D6MT\\4D-Q;P3P_P!EGP$_X+^? ML4_$30+*3XL7GBOX#>+(H`-5TKQ!X;USQCX?DO(T#S/HWB'P1IVL75W9R/N$ M#:KH.AW)D5XVM`P4O_/GTB/#;BW,.*X\591E6.SW+<9EV"P^*67TGC*^78O" M4HT?WF#H*6+^KUTN=58TIT^?VCDTU=_T9]&?Q3X-RKA*7">>9M@\BS#"YGC< M5A:F8UHX3"YAA<94C5DEBZZCA5B*%N3DG6IS<.107*M/W>*(<@JISURH.?KQ M_G\*3:G]P?\`?'_UJ_G._:G_`.#A[X!^!]#N](_98\/:A\9O'4TRVUGXC\4Z M+K/A+X::2AB1I;Z\CO9=-\8:V8I6$<=C;:=HEC%'#^->7U>(7CZL(J4ZF M482OF&$@VU[BQ=%+#U)JWO1I3J-IX/.#C&!U^]CCG MD5_%%_P^)949)&6_B37->OGO=4U.QUF\@N(K MN.SN=%DTBYAMT,SL_P"P^#_A%QAP'X@97G/$-#`87"U\)FN#H^QQ].M6JXBK MA*=90A2@E*7)0C*I-_#&G).]Y6/PKQN\9N"O$+PZS+*.&ZV8XG%4,QR?%U95 M\OK4*%.A"O6CSRJU&U%RE+V<$[2E+FBE[K/SNI5X.1UP?Y&DI1U_!OY&O[+K M>]2KH'I7ZY M?`7_`)(?\&?^R5_#S_U$M(K\CO\`@X*_Y1]77_99_AK_`#UNO\M_#A+_`(BS MPOHO^2NP:VZ+%62]$FTNR;2W/]2>3RS'GNQ//6FMM,\5:='/H^M6:H=1\,^*](D?4/#OB+3S("AFT[48X?M-N=J7^FRWN MG3,(;QRO^X;! M[8X.1T_.K]OG_@FY\%OV\/!*V'BVVM?!?Q3T2TBM_!'QBTG28-0\1^'X8[MK MM]'U*T^UZ8/$GAFZ>:7]LMG)<37>DWUA>,\LG[GX*>+LO#S,,3EF;PK MU^&,TK0JXA4HJ=3+<6J:IQQU"-X^TP]2G&,<=1CSXA2ITZM*,E"=*M_.7CWX M*_\`$2\!0S;)94L/Q3E5-TJ'M+PHYM@6W5E@<1+[&+I592>`Q$E[)0E.A4;Y MZ?)_G6`D'@9Z@[AP,@]LC/I_^J@'&,9`QAN1R.G''''UQ7Z+_M6?\$M_VPOV M5_$^MV>N_"KQ)\0?`EA[4J4X MT\1!\JE"I3HRISZ5;:?I5G<:C?7$NT,(X+2SCFN)I""-J1QLS$A M5!8XK]=/V./^"+W[6O[3VM6MYXZ\)ZQ^SW\,4,4U]XV^)GAV^L?$5_"5+):> M&/A]J%SH^O:K),/+=;_4ET71A:N\D&K7ES%]D;CXCXKX=X5P=;'Y]FV7Y?1H MPE-K%8F"KU'%1DJ.'PT9RQ5:M47+[.%&A4C=IU'3C)2EU<,\(<2<78ZCE^09 M/C\QKUJM.FGAL-5="DI.SJXBOR1PU&C36M6=6M3:6L5-W2^7?V`OV)O'7[=/ MQWT;X9^&DN+#P;H!QJ%O%=&WF*2)-XGUV/[38>%]-,3 MB>]5KVY,>DZ?J]Y8_H'_`,'"'A?0_!/[6'P0\(>&;_#OAC]E'X?Z!H6FV MR%+?3]'TCQW\3K#3+*!"S!(;6R@@AC1-D2A/W<:`[1_6[^RG^R3\(OV//A-H M/PF^$OAVVL;/2[2VD\1>*;N"V_X2CQUK\4*"\\3>*]1MD5[[5;F56:.W55TS M3;?R-.TBVM-/MX8(_P"77_@X:^'GQ!\9?MD_#/4_"/@+QIXGTV#]G+PK93WW MAWPMKVMV4-['\1/BA/):2W6FV%S!'( M/C9E=>+GEW#&4Y=GM+)L/C*E.E4DZ^%PT*V.QLG-TXU\2L-3C1P\:DG0I)PB MW:M*7]7\9>#L?#7P,S.C-1S+BC.'KXN='`8%J+J^PPW MUF4L1B)QC"O6<6XINC&'\XU*.OX-_(UZA_PH[XU_]$>^*?\`X;WQ=_\`*BE' MP/\`C4,D_![XIXPW_-/?%WH?^H17]85&GU+$W^)?].O-?>?Z8'P%_P"2'_!G_LE?P\_]1+2*_([_ M`(."O^4?5U_V6?X:_P`];K]=/@9%+;?!;X06US%+;7-K\,?`-O-U#*P*D9!`_*+_@O?X?U_Q+^P50?^$&\3X([$?\`$KY!Z@]".1P:>/@[\70K@_"OXD`D+C_BAO$_][/_`$"_ M0$_A7^H7]I9=_P!!^"TE!O\`VJAHE4A=O]YTZG^3$RL+#XA_%J]O;R[GBM;2TM+ M761/<7-SF*TE@NW`MIDEK M\2O^"4_PZ\<7W_!+#PUX570=7T_Q+I'QNU+QK>>#-;L]0T&\\7Z!X.^*_AOQ M?K/@F6._6Q"Q^.]#T/4?#4$6ID:'J']J):ZV)-$NKP/]$_LN?L[>+OAKXQO8 MYO$7B/QM<^,O$W@[Q,NI77PY\3_#:U^'4G[1-I-?&G)QC4IWA201)QVHHKIPN,Q>"G[3!8K$X2HT MXNIA:]7#S<7:ZYJ4H2L[*ZO9V1R8O+\!CX*&.P6$QL$[J&+PU'$P3[J-:$TG M\C=^'_P/^"WPGADMOA9\(/A=\-+>6,12P?#_`,`>$_!L,L0?S!%)%X=TG34> M,2?O`C*5W_-C=S7IPCC#;Q&@?&-P50V..-V,X^4<9[#T%%%1B,3B,74=;%UZ MV*K2M>KB*LZU1VVO.I*4G;I=Z%87!X/!4_8X+"X;"4EM2PM"EAZ:_P"W*4(1 M_`=M7IM&#U&!WZ_G3?+CY/EID]?D7G``&>.P`'T`'0445CL[K1[7ZV['0XQ: MLXII.Z32M?O;:X>7'_SS3_OE?\*0Q1$8,<9!Z@HI!_`BBBGS2[O[V3[.G_)# M_P`!C_EY+[A5CC4`*B*!T"JH`X`X```X`'T`%(T,3@!XHW`.0&16`.",@$'G M!(SZ$^M%%)>[;ETMM;2WI8II---)IJS35TUM9K9JR2LP$,(X$48'H(U_PH\J M+_GG'_WPO^%%%.[[O[V2J=-;4X+II".W;858HT`"QHH`P`J*H`SG````&0#Q MWYI5C1!A$1!@#"J%&!T&`!P.U%%397;LKMW;ZM[W?=WUN4DDDDDDE9)+1+LN )R\D.HHHIC/_9 ` end