CIT Adds Kaploe to Rail Division Senior Leadership Team

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

CIT Closes $25MM Loan to Friendly Franchisees

CIT Group’s Franchise Finance team, part of CIT’s Business Capital division, closed a $25 million loan to La Palma, CA-based Friendly Franchisees.

CIT Arranges $30MM Facility for Alliance Time

CIT Group’s Northbridge Credit joint venture served as sole lead arranger on a $30 million revolving credit facility for Alliance Time Holdings.

CIT Arranges $36MM Financing for Nordic Solar

CIT Group acted as sole lead arranger and administrative agent for about $36 million in financing for Nordic Solar, a developer and owner of solar energy facilities.

John Thain Slated to Join Deutsche Bank Board

The Wall Street Journal reported that former CIT Group CEO John Thain is expected to join Deutsche Bank’s supervisory group in May.

CIT Group Names McAvoy Corporate Treasurer

CIT Group named Sarah L. F. McAvoy to the corporate treasurer position, effective March 19. She succeeds Ken Brause.

CIT Arranges $175MM Facility for QMES

CIT Healthcare Finance provided a $175 million senior secured credit facility to QMES, a distributor of durable medical equipment to patients in seven Mid-Atlantic and Northeastern states.

FDIC, Fed Demand Updates for Citizens, CIT Resolution Plans

The FDIC and Federal Reserve will require updated expectations for the next resolution plans of CIT and Citizens Financial Group.

CIT Arranges $180MM in Financing for HCT Group

The Corporate Banking unit of CIT’s Commercial Finance business arranged for $180 million in financing for HCT Group.

CIT Agents $46.5MM Financing for Cypress Creek Renewables

CIT Group’s Commercial Finance division’s Energy Finance business served as sole lead arranger and administrative agent for $46.5 million in construction-only financing on behalf of Cypress Creek Renewables, a developer and owner of solar energy facilities nationwide.