CIT Completes Refinancing of $40MM Credit Facility with J.Jill

J.Jill completed the refinancing of its asset-based revolving credit facility, which was previously set to expire in May 2024. The new facility comes in the form of the sixth amendment to the ABL credit agreement with CIT as the administrative and collateral agent.

May 12, 2023 Chris Esposito | CIT | J. Jill Ian Koplin

CIT Leads Syndicate Providing $750MM Credit Facility for Origis Energy

Origis Energy closed an upsizing amendment to its development finance facility, doubling capacity to $750 million. With enhanced flexibility and increased capacity, the credit facility will support further expansion of its solar and energy storage project pipeline.

March 8, 2023 CIT | Deutsche Bank | HSBC | Jamie Edwards | KeyBank | Latham and Watkins | Mike Lorusso | Natixis | Nomura | Norton Rose Fulbright | Origis Energy | Rabobank | Santander | Societe Generale | Sumitomo Mitsui Banking | Truist Securities Ian Koplin

First Citizens Bank Reaches 125 Years in Business

First Citizens Bank celebrated its 125th year in business on March 1. The company will recognize the milestone throughout the year.

March 2, 2023 CIT | First Citizens Bank | Frank Holding | Hope Holding Bryant Ian Koplin

First Citizens Bank Arranges $44.2MM in Debt Financing for Navios Maritime Partners

First Citizens Bank’s maritime finance business, part of the bank’s CIT division, served as sole lead arranger on $44.2 million in debt financing secured by product tankers for Navios Maritime Partners, which will use proceeds from the financing to refinance existing debt.

January 19, 2023 CIT | Eri Tsironi | Evan Cohen | First Citizens Bank | Navios Maritime Partners Ian Koplin

CIT Provides $27.8MM for Acquisition of Medical Office Buildings in Wichita, KS

The healthcare finance business of CIT provided $27.8 million to a joint venture between Kayne Anderson Real Estate and Remedy Medical Properties for the acquisition of a surgical hospital and medical office building portfolio located in Wichita, KS.

December 15, 2022 Antonio Minchella | CIT | CIT Healthcare Finance | First Citizens Bank | Kayne Anderson Real Estate | Remedy Medical Properties | Steven Reedy | William Douglass Ian Koplin

CIT and SMBC Provide $85MM in Debt Financing to NineDot Energy

NineDot Energy, a developer of community-scale clean energy projects, closed on a new $85 million construction-to-term debt facility. Provided by CIT and SMBC, the facility supports the construction and operation of 11 battery storage sites.

December 8, 2022 Carlyle | CIT | David Arfin | Juan Kreutz | Mike Lorusso | NineDot Energy | Pooja Goyal | SMBC Ian Koplin

CIT Provides $35MM Revolving Credit Facility to Utopia Deals

The asset-based lending business of CIT, a division of First Citizens Bank, provided a $35 million revolving credit facility to Utopia Deals.

December 7, 2022 Chris Esposito | CIT | Jabran Niaz | Utopia Deals Ian Koplin

CIT Serves as Lead Arranger of $135.6MM Financing for Superior Biologics

CIT’s healthcare finance division served as lead arranger of $135.6 million in financing for Superior Biologics.

December 2, 2022 CIT | David Gibbs | Ray Mirra | Superior Biologics | William Douglass Ian Koplin

CIT Provides $34MM for i.Park and Great Point Media’s Studio Development

CIT’s real estate finance business provided $34 million in financing for a joint venture between i.Park and Great Point Media for the development of Lionsgate Warburton Studios, an entertainment production facility in Yonkers, NY.

November 21, 2022 Chris Niederpruem | CIT | Great Point Media | i.Park | Joseph Cotter Ian Koplin

CIT Arranges $419MM in Financing for Power Generation Facility Acquisition

The power and energy business of CIT, a division of First Citizens Bank, served as lead arranger on $419 million in financing for the acquisition of the Broad River power generation facility in Gaffney, SC.

November 18, 2022 CIT | First Citizens Bank | Mike Lorusso | Onward Energy | Steve Doyon Ian Koplin