CIT Provides $46.4MM Facility to Epic Gas
CIT Group announced CIT Maritime Finance provided a $46.4 million facility to Epic Gas. Financing from CIT was provided by CIT Bank.
CIT Group announced CIT Maritime Finance provided a $46.4 million facility to Epic Gas. Financing from CIT was provided by CIT Bank.
CIT Group announced it appointed William Douglass group head and managing director of CIT Corporate Finance, Healthcare, effective immediately.
CIT Group announced it arranged a $43 million facility for Laney Directional Drilling. CIT Corporate Finance served as sole lead arranger, sole bookrunner and administrative agent.
The demand for lending in the middle market is robust, according to the “2014 Middle Market Private Equity Outlook” executive video as part of the award-winning CIT Executive Insights video series.
CIT Group announced that Sheila A. Stamps has been named to CIT’s Board of Directors, effective immediately. Stamps will serve as a member of CIT’s Risk Management and Regulatory Compliance committees.
CIT Group served as joint lead arranger in a $310 million senior secured credit facility for The Snoqualmie Entertainment Authority. The facility refinances an existing bond debt.
CIT announced the acquisition of Paris-based Nacco SAS, an independent full service railcar lessor that owns more than 9,500 railcars and services over 150 customers in 16 countries. Dan DiStefano SVP/GM was appointed president of the company.
CIT Group arranged a $160 million credit facility for The Jordan Company to support its acquisition of Transilwrap Company. CIT Corporate Finance served as lead arranger and administrative agent.
CIT Group announced that Ellen R. Alemany has been named to CIT’s board of directors, effective immediately. Alemany is the former head of RBS Americas and served as CEO for RBS Citizens Financial Group.
CIT said it agreed to pay Tyco International $60 million to settle a tax dispute that related to an agreement that the two companies entered into in 2002 in connection with CIT’s separation from Tyco.