CIT Serves as Joint Lead Arranger on $70MM Financing for Estyle Holdings

CIT Group’s sponsor finance business, part of the commercial finance division, served as joint lead arranger and joint bookrunner for a $70 million facility for Estyle Holdings, the Florida-based maker of Eco Style hair gel and other beauty and personal care products.

November 13, 2020 CIT | Clarion Capital Partners | David Harnisch | Edward Martin | Estyle Holdings Ellie Delany

SFNet Virtual Convention Starting Nov. 17 to Address Future of Finance

The Secured Finance Network’s 76th Annual Convention, “This Way Forward,” will take place from Nov. 17 to 19 and will cover financial, economic and political disruptions that banks and finance companies face in the midst of a pandemic and the aftermath of the U.S. election.

November 12, 2020 Accord Financial Inc. | Ayesha Rascoe | B. Riley | Bank of America Business Capital | BDO USA | Blank Rome | BMO Harris Bank | CIT | Clear Thinking Group | Conway McKenzie | Danielle DiMartino Booth | David A. Brandon | Fortis Business Advisors | FTI Consulting | Gordon Brothers | Heritage Global Valuations | Hilco Global | Houlihan Lokey | James Mattis | Keybridge Research | Morgan Lewis | Nika White Consulting | North Mill Capital | Otterbourg P.C. | Paul Cronin | Richard Gumbrecht | Santandar Bank | Secured Finance Network | The Alta Group | Thinking Ahead Executive Search | Truist | Wells Fargo Capital Finance Ellie Delany

CIT Arranges $151MM in Project Financing for Solar Farm in Texas

CIT’s power and energy business served as coordinating lead arranger on a $151 million financing for the 250-megawatt Galloway I solar farm planned for Concho County, TX.

October 30, 2020 9minute Solar Energy | Ardian | CIT | Martin Mugica | Mike Lorusso | Morgan Stanley Capital Group | Morgan Stanley Renewables | Skyline Renewables | Tom Buttgenbach Ellie Delany

CIT Serves as Joint Lead Arranger on $175MM Financing for MSTS

CIT Group’s asset-based lending and sponsor finance businesses, both part of the commercial finance division, collaborated to serve as joint lead arranger on $175 million financing for MSTS, a B2B payment and credit solutions provider.

October 22, 2020 Brandon Spear | Chris Esposito | CIT | Jeff Kilrea | Jeremy Schein | MSTS Ellie Delany

CIT Expands Credit Facility to $400MM for Mobilitie

CIT’s technology, media and telecommunications business expanded an existing credit facility to $400 million for Mobilitie Investments III, which is a telecommunications infrastructure provider. 

October 16, 2020 CIT | Mobilite | Roger Fong | Thomas Westdyk Ellie Delany

CIT Chairwoman and CEO Alemany Receives Leadership Legacy Award

Ellen R. Alemany, chairwoman and CEO of CIT, received the Leadership Legacy Award from the Center for Executive Succession at the University of South Carolina’s Darla Moore School of Business Center.

October 8, 2020 CIT | Darla School of Business | Ellen R. Alemany | Patrick Wright | Peter Brews | University of South Carolina Ellie Delany

CIT Arranges $70MM Maritime Financing for International Container Company Holdings

CIT’s maritime finance business served as sole lead arranger on a $70 million senior secured financing on behalf of International Container Company Holdings Limited.

October 2, 2020 CIT | Evan Cohen | International Container Company Holdings Limited Ellie Delany

CIT Serves as Sole Lender on $75MM Revolving Credit Facility for Skillsoft

CIT’s asset-based lending business served as agent and sole lender on a $75 million revolving credit facility for Skillsoft, a global provider of learning and talent management solutions.

October 1, 2020 Chris Esposito | CIT | John Frederick | Skillsoft Ellie Delany

CIT: COVID-19 Pandemic Highlights Value of Tech and Talent Investment for Business

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.

September 18, 2020 CIT | David Harnisch | Denise Menelly | Ken Martin | The Harris Poll Phil Neuffer

CIT Arranges $150MM Credit Facility for Steve Madden

CIT Group’s asset-based lending business served as joint lead arranger on a $150 million asset-based revolving credit facility for Steve Madden.

September 1, 2020 Chris Esposito | CIT | Edward Rosenfeld | Steve Madden Phil Neuffer