CIT Provides $35MM Financing for Icelandair

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 Bank Provides New ABL for Nebraska Book Company

Nebraska Book Company entered into a new five-year, asset-based loan facility with CIT Bank.

CIT, Facebook Support $416MM Longwood Energy Solar Project

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 Leads $425MM Facility for AdaptHealth

 CIT Group’s Healthcare Finance business led a $425 million senior credit facility on behalf of AdaptHealth.

J.P. Morgan Leads Legendary Entertainment $1B Revolver

Legendary Entertainment closed a $1 billion senior secured revolving credit facility led by J.P. Morgan.

CIT Adds Cha to Comm & Technology Finance Team

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 Adds Affolter to Sponsor Finance Group

CIT Group added Thomas M. Affolter to the Sponsor Finance team in its Commercial Finance division.

CIT Names Chief Risk Officer; Promotes CCO

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 Survey: U.S. Small Businesses See Growth in 2018

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.

CIT Names Jones to Lead Business Capital, Lytle to Lead Rail

CIT named Mike Jones president of Business Capital, replacing Steve Solk who will focus on Consumer Banking. Jeff Lytle was named president of Rail, replacing George Cashman who will retire.