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.
CIT Group provided financing for Aria Designs to help it procure millions of advanced N95 surgical masks that will protect medical professionals battling the COVID-19 pandemic.
CIT outlined a $1 million community commitment to support those affected by COVID-19. These resources will provide some immediate relief to New York City and L.A. County, the respective headquarters for the company and its bank subsidiary.
CIT Group’s Power and Energy business served as lead arranger for a $140 million financing for esVolta, a developer of utility-scale energy storage systems for renewable energy projects.
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.