Tag Archives: CIT Bank

Netmarble, Kabam & Fortress Provide $350MM Equity & Debt Financing to Support Jam City Acquisition

Jam City, a mobile entertainment company, completed the acquisition of mobile game studio Ludia from Fremantle for $165 million. Jam City raised $350 million in equity and debt financing from Netmarble, Kabam and affiliates of funds managed by Fortress Investment Group.

Truist, Fifth Third, Union, Regions Provide $400MM Revolver to Anthem

Truist Securities served as left lead arranger, Fifth Third Bank acted as joint lead arranger, Union Bank acted as syndication agent and Regions Bank acted as documentation agent on a $400 million revolving credit facility with a $150 million accordion for Anthem Entertainment.

First Citizens and CIT to Merge

First Citizens BancShares, the parent company of First-Citizens Bank & Trust Company, and CIT Group, the parent company of CIT Bank, will combine in an all-stock merger of equals to create the 19th largest bank in the United States based on assets.