CIT’s technology, media and telecommunications business served as co-lead arranger and joint bookrunner on a $150 million term loan and $15 million revolving credit facility for iEnergizer, a technology services and media solutions company.
The financing will be used to refinance existing debt and to fund a dividend to shareholders.
Founded in 2000, iEnergizer provides technology-enabled services to clients across a range of industries, including gaming, healthcare, publishing, travel and financial services.
“We worked closely with iEnergizer to understand its objectives and were happy to support this financing given its world-class management team,” Thomas Westdyk, managing director and group head of CIT’s technology, media and telecommunications business, said. “This new financing provides the company with increased flexibility in managing its operations and growth.”
