CIT Northbridge Credit, as advised by First Citizens Institutional Asset Management, provided a $55 million revolving credit facility to National CineMedia to support the company’s emergence from Chapter 11 bankruptcy.
CIT Northbridge Credit, as advised by CIT Asset Management, provided $45 million to refinance and upsize a secured credit facility for Tubular Synergy Group, a privately held sales, marketing and supply chain services distributor.
CIT Northbridge Credit, advised by CIT Asset Management, provided $40 million in financing for Tronair, a manufacturer of ground support equipment, aftermarket replacement parts and services for the global aviation market.
CIT Northbridge Credit, as advised by CIT Asset Management, served as agent on a $27.78 million credit facility for Applied Optoelectronics, a provider of fiber-optic networking products.
CIT, a division of First Citizens Bank, advised by CIT Asset Management, served as agent on a $40 million revolving credit facility provided to Biery Cheese.
CIT Northbridge Credit provided financing to Mohawk Fine Papers, a privately held premium paper manufacturer in North America. The financing will be used to refinance existing debt and provide working capital for future endeavors.
CIT Northbridge Credit, as advised by CIT Asset Management, served as agent on a $65 million revolving credit facility for Everlane, a retailer of sustainable apparel, accessories and footwear in the United States.
CIT named Randy Lederman a managing director for business development activities across the Northeast for CIT Northbridge Credit. Based in New York, Lederman will be responsible for sourcing new asset-based loan opportunities from $15 million to $150 million.
CIT Northbridge Credit provided a $65 million credit facility to Hello Bello, a manufacturer and marketer of baby, child and adult care products.
Great Rock Capital provided $25 million of liquidity through a senior secured credit facility to support Natural Gas Compression Systems, a Michigan-based full-service gas compression equipment and service business.