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.
CIT Northbridge Credit, as advised by CIT Asset Management, and Tiger Finance arranged up to $47 million in financing for an e-commerce seller of branded consumer products.
CIT Northbridge Credit, as advised by CIT Asset Management, served as sole lead arranger on a $20 million senior lending facility for Davey Coach Holdings, a portfolio company of Progress Equity Partners and a provider of new and used shuttle bus and rental services.
CIT Northbridge Credit served as sole lead arranger on a senior secured credit facility to support the acquisition of Baker & Taylor, a provider of books, digital content and technology solutions to public and academic libraries.