CIT Group Provides $40MM Revolver to MPC Container Ships

MPC Container Ships has entered into a $40 million three-year revolving credit facility agreement with CIT Group.

Harm Joins CIT as Commercial Services Managing Director

Neal Harm joined CIT Group’s Commercial Services business as managing director overseeing strategy, business development and project management. He will report to Commercial Services President Marc Heller.

CIT Finances Macquarie Renewable Power Battery Storage Project

CIT Group completed a third round of financing for an innovative battery-based energy storage project that helps facilitate greater use of renewable energy in Southern California.

Hubbard Joins CIT as General Counsel

CIT Group named James R. Hubbard its general counsel and corporate secretary, effective March 18, 2019. Hubbard will join CIT’s Executive Management Committee and report to Chairwoman and CEO Ellen R. Alemany.

CIT Agents Credit Facility for Pritzker Acquisition of KabaFusion

CIT Group’s Healthcare Finance unit served as joint lead arranger and administrative agent on a first-lien credit facility to support for Pritzker Private Capital’s acquisition of KabaFusion, a provider of acute and specialty home infusion services.

CIT Northbridge Arranges $24MM Facility for Pocono ProFoods

CIT Northbridge Credit, through its investment advisor CIT Asset Management, served as sole lead arranger on a $24 million senior secured credit facility for Pocono ProFoods, a foodservice distributor in the Northeast and Middle Atlantic regions.

CIT Arranges $53.8MM Facility for Circle 8 Crane Services

CIT Northbridge Credit, the joint venture financing unit of CIT Group, served as sole lead arranger on a $53.8 million senior secured credit facility for Circle 8 Crane Services.

CIT Names Rubino President of CIT Bank, Head of Commercial Banking

CIT Group named Robert Rubino president of CIT Bank and head of Commercial Banking, effective February 25, 2019.

CIT Reveals New Brand Identity; Direct Capital Brand to be Retired

CIT Group revealed a simplified and refreshed brand identity aimed at presenting a more cohesive market presence following a multi-year transformation of the company. The effort includes a new marketing campaign, tagline and website reflecting CIT’s consumer and commercial businesses.

CIT Names Whitston Chief Technology Officer

Alla Whitston joined CIT Group as the chief technology officer. She will report to Denise Menelly, executive vice president and head of technology and operations.