CIT Group’s asset-based lending business served as joint lead arranger on a $150 million asset-based revolving credit facility for Steve Madden.
CIT Group’s asset-based lending business, working in conjunction with its sponsor finance group, served as lead arranger on a senior secured credit facility for von Drehle Corporation, which produces paper towel, tissue and dispensing products.
CIT Group named Chris Esposito managing director in charge of its newly expanded asset-based lending business. Esposito will be responsible for managing the asset-based lending team and overseeing the national ABL business.