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.

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.