CIT Arranges Financing to Support Stellex Cisco Equipment Investment

CIT Bank arranged and provided debt financing to support Stellex Capital Management’s investment in Cisco Equipment. The investment was made in partnership with the company’s CEO Christopher J. “C.J.” Sibert and management.

JPMorgan Chase, BofAML Arrange $145MM Facility for Jam City

JPMorgan Chase Bank acted as sole bookrunner and, alongside Bank of America Merrill Lynch, joint lead arranger on $145 million in strategic financing for mobile game developer Jam City.

CIT, Wells Fargo, Others Provide $23MM Upsize to General Finance

Wells Fargo and CIT Bank amended General Finance’s senior credit facility, increasing the maximum borrowing amount from $237 million to $260 million.

Natixis, SunTrust, Others Upsize Ygrene Facility to $510MM

Ygrene increased its warehouse credit facility to $510 million and added Natixis as a new member of its lending syndicate.

CIT Bank Exec Gagnon Joins Banc of California as CCO

Banc of California hired Kris Gagnon as chief credit officer. Gagnon joins from CIT Bank, where he served as chief credit officer and brings expertise as a credit executive in commercial banking.

Wells Fargo Supports Mid-Con Energy Powder River Basin Buy

Mid-Con Energy Partners has acquired the assets of Powder River Basin. Wells Fargo served as administrative agent for an expansion of the company’s borrowing base to $125 million to support the transaction.

ABN AMRO Agents $175MM Eureka Midstream Upsize

Eureka Midstream closed on a $400 million senior secured revolving credit facility with ABN AMRO Capital USA as administrative agent and sole lead arranger.

WFCF, CIT Arrange $200MM Facility for Upland Software

Upland Software closed a $200 million credit facility with Wells Fargo Capital Finance and CIT Bank as lead arrangers. Goldman Sachs USA, Regions Bank and Citizens Bank participated in the financing.

CIT Bank Enters Into Strategic Partnership with Allstate

CIT Bank created a strategic partnership with Allstate. The joint venture, CIT Northbridge Credit, will provide revolving and term loan commitments to middle market companies.

CIT Joins Syndicate Providing Warehouse Upsize to Ygrene Energy

Ygrene Energy Fund upsized its warehouse credit line to $410 million provided by Deutsche Bank, SunTrust Robinson Humphrey, Nomura Corporate Funding and new participant CIT Bank.