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

Ready For Anything: How CIT Continues to Evolve in the Asset-Based Lending Industry

CIT is an established name in the asset-based lending industry, but that hasn’t stopped it from continuing to evolve and innovate. In 2020 alone, the bank expanded its ABL division, hired a new ABL team leader and continued to close deals with its CIT Northbridge Credit joint venture, setting itself up for continued success in the marketplace.

December 18, 2020 Chris Esposito | CIT | CIT Northbridge Credit | David Harnisch | Neal Legan Grace Garwood

CIT Serves as Sole Lender on $25MM Revolving Credit Facility for KMS

CIT’s asset-based lending and sponsor finance businesses served as agent and sole lender on a $25 million revolving credit facility for KMS, a wholesaler of consumer product closeouts and special buys alongside its own line of KMS-sourced products.

December 4, 2020 Chris Esposito | CIT Group | KMS | Kurt Lentz | New State Capital Partners | Tom George ABF Journal

CIT Serves as Joint Lead Arranger on $175MM Financing for MSTS

CIT Group’s asset-based lending and sponsor finance businesses, both part of the commercial finance division, collaborated to serve as joint lead arranger on $175 million financing for MSTS, a B2B payment and credit solutions provider.

October 22, 2020 Brandon Spear | Chris Esposito | CIT | Jeff Kilrea | Jeremy Schein | MSTS ABF Journal

CIT Serves as Sole Lender on $75MM Revolving Credit Facility for Skillsoft

CIT’s asset-based lending business served as agent and sole lender on a $75 million revolving credit facility for Skillsoft, a global provider of learning and talent management solutions.

October 1, 2020 Chris Esposito | CIT | John Frederick | Skillsoft ABF Journal