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.
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.
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.
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.
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.
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.
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.
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.
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.