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.

CIT, NORD/LB Arrange $91 Million Financing for Mesa Airlines

CIT Group and NORD/LB served as co-lead arrangers and joint documentation agents on a $91 million term loan for Mesa Airlines, the fifth largest independent regional air carrier in the U.S.

DVB Bank Leads $175MM Bulk Carrier Financing for Polsteam Group

A bank syndicate led by DVB Bank closed the financing of 34 bulk carriers for Polsteam Group.

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.