CIT served as sole lead arranger for a $35 million senior secured facility to support Goode Partners’ acquisition of Forman Mills.
The Mohegan Tribal Gaming Authority has engaged Citizens Bank, Merrill Lynch, Credit Suisse Securities (USA) SunTrust Robinson Humphrey, Goldman Sachs Bank, KeyBank and CIT Bank to arrange $1.4 billion of new senior secured credit facilities.
CIT Healthcare Finance served as lead arranger and administrative agent for a $242 million senior secured credit facility to Jordan Health Services.
CIT Communications and Technology Finance closed a $23 million senior secured credit facility for Lighthouse eDiscovery, a provider of technology-enabled ediscovery services.
CSI Compressco completed an amendment to its credit agreement that reduced aggregate lender commitments from $400 million to $340 million. Bank of America served as administrative agent for the lender group.
Willis Lease Finance expanded its $700 million revolver by over 40% to $1 billion. MUFG Union Bank served as administrative agent for a syndicate of 13 banks.
Opus Bank formed a Media and Entertainment Banking division and named Jeffrey Zaks, former CIT vice president and head of Media and Entertainment Finance, to head the new division.
CIT Bank, MUFG Union Bank and Credit Agricole Corporate and Investment Bank led a group of 16 lenders in providing $753 million debt financing for the CPV Towantic Energy Center in Oxford, CT.
Eagle Bulk extended its forbearance and standstill agreement with its creditors, led by ABN AMRO, by a further 14 days to give it more time to find a solution to the money it owes in loans.
CIT Healthcare Finance served as sole lead arranger and administrative agent for a $50 million senior secured credit facility to Superior Biologics, a specialty pharmacy provider.