For middle-market and small businesses, the COVID-19 pandemic is highlighting the vital importance of investing in new technology, facilitating remote work and maintaining tech-savvy workforces, according to a new survey conducted by The Harris Poll for CIT.
CIT Group’s asset-based lending business served as joint lead arranger on a $150 million asset-based revolving credit facility for Steve Madden.
CIT Group’s power and energy unit served as sole lead arranger on a $162 million financing for the East Blackland solar project in Travis County, TX.
CIT Group’s asset-based lending business, working in conjunction with its sponsor finance group, served as lead arranger on a senior secured credit facility for von Drehle Corporation, which produces paper towel, tissue and dispensing products.
CIT Group’s power and energy unit served as sole lead arranger on an $85 million financing for the 80-megawatt Pioneer Solar project near Denver.
CIT Group‘s asset-based lending team served as administrative agent for a new $185 million senior secured, asset-based credit facility for Orscheln Farm and Home, a retailer of farm and home improvement supplies.
CIT Group won three Stevie American Business Awards for business excellence. The awards included a gold award for achievement in management – banking and silver awards for fintech solution and corporate social responsibility program of the year.
CIT Group’s healthcare finance unit served as the sole lead arranger on a $21 million acquisition financing for a portfolio of medical facilities in Texas by Ridgeline Capital Partners.
CIT Group’s power and energy unit served as lead arranger on a $217 million financing for the 200-megawatt Hillcrest solar photovoltaic project in Brown County, OH.
CIT Group’s technology, media and telecommunications unit served as joint lead arranger and administrative agent for a $325 million round of financing for Mobilitie, a telecommunications infrastructure provider.