CIT Northbridge Credit, as advised by CIT Asset Management, served as sole lead arranger on a $40 million senior secured credit facility for Europa Sports Products.
CIT Northbridge Credit, through its investment advisor CIT Asset Management, served as sole lead arranger on a $20 million senior secured credit facility for Marquis Construction Services.
CIT Asset Management will offer expanded cash flow-based revolving and term loan options to qualified borrowers though a managed financing vehicle funded by an A-rated insurance company.
CIT announced a joint venture with funds managed by TPG Special Situations Partners. The JV will have a target size of $500 million and will provide secured financing to companies in a variety of industries throughout the U.S.