CIT Names Robbins President of Asset Management

Philip Robbins joined CIT Group as the president of Asset Management and Capital Markets.

STRONG MARKET TAILWINDS PROMISE BRIGHT FUTURE FOR AVIATION LENDING

For passengers, the thrill of flying has dimmed as we’ve been shoehorned into seats and charged for our in-flight beverages. Yet Jennifer Villa Tennity points out that despite these inconveniences, air travel is still booming. For aviation lenders, this is very good news.

CIT Arranges $60MM Facility for Partners Pharmacy

CIT Group’s Healthcare Finance unit has served as sole lead arranger on a $60 million senior secured credit facility to Partners Pharmacy.

CIT Leads $60MM Financing for Carolina Restaurant Group

CIT Group served as sole lead arranger of a $60 million financing for Carolina Restaurant Group (CRG), operators of 108 Wendy’s restaurant franchises across North Carolina and South Carolina.

CIT Names Martin as MD of Small Business Solutions Unit

Ken Martin has joined CIT Group as managing director of the Small Business Solutions unit, which is part of its Business Capital division, effective immediately.

CIT Leads $204.5MM Financing for Texas Solar Project

CIT Group served as coordinating lead arranger for $204.5 million in debt financing to support construction of Holstein Solar.

CIT Asset Management Expands Lending Capacity

CIT Asset Management will offer expanded cash flow-based revolving and term loan options to qualified borrowers though a managed financing vehicle funded by an A-rated insurance company.

Gifas Joins CIT as Head of Treasury Services

James J. Gifas has joined CIT Group as the head of Treasury Services and will serve on CIT’s Executive Management Committee.

Grizzard Joins CIT as MD for Defense and Government Services

Leslie Grizzard has joined the CIT Group as managing director in the company’s Aerospace, Defense & Government Services business.

CIT Arranges $64MM Refinancing for Assisted Living Facilities

CIT Group’s Healthcare Finance business served as sole lead arranger for a $64 million loan to refinance assisted living facilities in Florida.