CIT Completes Refinancing of $40MM Credit Facility with J.Jill

J.Jill completed the refinancing of its asset-based revolving credit facility, which was previously set to expire in May 2024. The new facility comes in the form of the sixth amendment to the ABL credit agreement with CIT as the administrative and collateral agent.

May 12, 2023 Chris Esposito | CIT | J. Jill Ian Koplin

CIT Provides $35MM Revolving Credit Facility to Utopia Deals

The asset-based lending business of CIT, a division of First Citizens Bank, provided a $35 million revolving credit facility to Utopia Deals.

December 7, 2022 Chris Esposito | CIT | Jabran Niaz | Utopia Deals Ian Koplin

CIT Hires Samuels as Business Development Officer

CIT, a division of First Citizens Bank, hired Geoffrey Samuels as a business development officer in its Asset-Based Lending business.

July 13, 2022 Asset Based Lending | Chris Esposito | CIT | First Citizens Bank | Geoffrey Samuels Rita Garwood

CIT Arranges Financing for Kenneth Cole Productions

CIT’s asset-based lending business served as lead arranger on financing for Kenneth Cole Productions, a men’s and women’s fashion brand.

April 6, 2022 Andrew Stokoe | Chris Esposito | CIT | Kenneth Cole Productions | WhiteHawk Capital Partners Ian Koplin

CIT Provides $35MM Credit Facility to D.P. Nicoli

CIT served as sole lender on a $35 million senior secured credit facility for D.P. Nicoli, a provider of trench shoring rental equipment to public utilities, municipalities and contractors in California, Oregon, Washington and Idaho.

February 3, 2022 Chris Esposito | CIT | D.P. Nicoli | Dave Nicoli | First Citizens Bank Ian Koplin

CIT Provides Senior Secured Credit Facility for FPA WhiteHawk III

The asset-based lending business of CIT, a division of First Citizens Bank, arranged a senior secured credit facility for FPA WhiteHawk III-Plus Master Fund to facilitate the fund’s investments.

January 26, 2022 Chris Esposito | CIT | FPA WhiteHawk III-Plus Master Fund | Robert Louzan | WhiteHawk Capital Partners Ian Koplin

CIT Group Delivers $1.16B in Financing to PRO Unlimited

CIT’s asset-based lending business served as joint lead arranger on a $1.16 billion financing for PRO Unlimited, an integrated workforce management platform provider.

November 3, 2021 Chris Esposito | CIT Group | Kevin Akeroyd | PRO Unlimited Ian Koplin

CIT Provides $20MM Credit Facility to GEE Group

CIT’s asset-based lending business served as agent and sole lender on a $20 million loan and revolving credit facility for GEE Group, a provider of professional staffing services and human resources solutions.

June 9, 2021 Chris Esposito | CIT | Derek Dewan | GEE Group Ian Koplin

CIT Hires Goddard as Business Development Officer for ABL Division

CIT hired Blake Goddard as a business development officer for its asset-based lending business. Goddard will be based in Atlanta and focus on asset-based lending business development across the Southeast.

May 20, 2021 Blake Goddard | Chris Esposito | CIT Ian Koplin

CIT Closes Financing Package for Commercial Finance Company

CIT Group’s asset-based lending business committed to $25 million in financing while serving as joint lead arranger on an asset-based credit facility of up to $145 million for a commercial finance company serving government contractors.

February 18, 2021 Chris Esposito | CIT Group Phil Neuffer