CIT Arranges Financing for Odyssey’s Cross Country Acquisition
CIT said that it has arranged a senior secured credit facility for Odyssey Investment Partners to support Odyssey’s acquisition Cross Country Pipeline Supply.
CIT said that it has arranged a senior secured credit facility for Odyssey Investment Partners to support Odyssey’s acquisition Cross Country Pipeline Supply.
CIT announced that it arranged a $60 million senior secured credit facility for Independence Contract Drilling. CIT Corporate Finance served as sole lead arranger and sole lead administrative agent.
CIT said it provided a senior secured credit facility to Aquilex, a provider of industrial cleaning solutions. Aquilex is majority-owned by affiliates of Centerbridge Partners.
CIT said that it arranged a $210 million senior secured credit facility for The Jordan Company, a private equity firm that specializes in buying and building companies.
CIT Group provided a $96 million senior secured credit facility to Harvest Partners to support its refinancing of TruckPro, an independent distributor of aftermarket parts and accessories for heavy duty vehicles.
NewStar Financial hired Dan McCready as chief credit officer. He joined from CIT Corporate Finance. Previously, McCready held senior positions at GE Capital, CIBC World Capital Markets, Bankers Trust Company and BofA.