CIT Group’s Power and Energy unit arranged approximately $200 million in financing for a 76-megawatt portfolio of community solar projects in four states.
CIT Group’s Aviation Lending business served as sole lender and facility agent on a $35 million secured financing for Icelandair Group, the national carrier of Iceland.
CIT Group served as the coordinating lead arranger on a $416 million debt financing supporting Longroad Energy’s 379-megawatt Prospero solar facility. Facebook will be the sole tax equity investor.
CIT Group added Jason Cha to its Communications & Technology Finance team in its Commercial Finance division. Cha began his career with the Leveraged Finance group at Lehman Brothers/Barclays Capital.
CIT named Wahida Plummer as its chief risk officer responsible for all enterprise risk. The company also promoted its Chief Credit Officer Marisa Harney to an expanded role leading all credit risk.
CIT Direct Capital announced the results of its survey conducted by The Harris Poll, revealing nearly three out of four U.S. small businesses plan to expand their product and service offerings this year.