CIT Arranges $25MM Credit Facility for Neutral Connect Networks

CIT Group’s Communications & Technology Finance unit served as sole lead arranger for a $25 million senior secured credit facility to Neutral Connect Networks.

CIT Names Chief Underwriting Officer for Commercial Finance

CIT Group named Christopher M. McLaughlin chief underwriting officer for the company’s Commercial Finance division.

GE, CIT, Others Provide $1.3B Facility for Advanced Power

Advanced Power secured $1.3 billion in financing to build South Field Energy, a 1.18GW combined-cycle natural gas electric generating facility in Columbiana County, OH.

Obermueller Joins CIT Supply Chain Finance Unit

CIT Group named Joerg Obermueller as the managing director of the Supply Chain Finance business within the company’s Commercial Services division.

CIT Q2 Earnings Higher, Factoring Volume Up By 16%

CIT Group reported income from continuing operations for Q2/18 was $138 million, up from $41 million a year earlier. CIT noted factoring volume was up 16% driven primarily by increased volume in the technology industry.

CIT Northbridge Arranges $17MM Walker Zanger Facility

CIT Northbridge Credit served as sole lead arranger on a $17 million senior secured revolving and term loan credit facility for Walker Zanger.

CIT Supports Innergex Solar Energy Project

Innergex Renewable Energy acquired a sizable 250MWAC/315 MWDC photovoltaic solar project located in Winkler County, TX from Longroad Energy Partners.

CIT Adds Cha to Comm & Technology Finance Team

CIT Group added Jason Cha to its Communications & Technology Finance team in its Commercial Finance division. Cha began his career with the Leveraged Finance group at Lehman Brothers/Barclays Capital.

CIT Study Details Optimistic View in the Middle Market

A CIT study found a large majority of middle market executives plan to invest in their business in 2018, primarily in technology, equipment and new personnel.

CIT Adds Kaploe to Rail Division Senior Leadership Team

CIT Group appointed Randy Kaploe to the senior leadership team of CIT’s Rail division.