CIT Group’s Power and Energy business served as coordinating lead arranger for $140 million in debt financing to support construction of Lotus Solar Farm,
CIT Group’s Healthcare Finance unit served as sole lead arranger on a $34 million financing for the Delaney, an assisted living facility in Richmond, TX,
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 Group’s Healthcare Finance unit has served as sole lead arranger on a $60 million senior secured credit facility to Partners Pharmacy.
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.
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 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.