CIT Archives - ABFJournal

ING Capital and Others Arrange $550MM Debt Facility for Lighthouse Infrastructure

ING Capital acted as sole bookrunner and coordinating lead arranger on debt financing consisting of a term loan facility totaling $490 million and a $60 million revolving credit facility for Lighthouse Infrastructure, a wholly-owned subsidiary of Third Coast Midstream.

CIT Arranges $93.3MM in Financing for TX-Based Battery Storage Portfolio

CIT’s power and energy business served as a co-lead arranger on $93.3 million in financing for a portfolio of six battery energy storage systems owned by Key Capture Energy in Texas.

February 12, 2021 Ann Anthony | CIT | Key Capture Energy | Mike Lorusso Phil Neuffer

First Citizens and CIT Receive Stockholder Approval to Merge

First Citizens BancShares, the parent company of First Citizens Bank & Trust Company, and CIT Group, the parent company of CIT Bank, jointly received stockholder approval to merge companies.

February 10, 2021 CIT | Ellen R. Alemany | First Citizens | Frank B. Holding Jr. Phil Neuffer

CIT Arranges $16.1MM for Acquisition of Dialysis Center Portfolio by Cypress West Partners

CIT’s healthcare finance business served as sole lead arranger on $16.1 million in financing for the acquisition of a portfolio of dialysis centers by Cypress West Partners.

February 5, 2021 Christopher J. Cumella | CIT | Cypress West Partners | William Douglass Phil Neuffer

CIT Arranges $165MM Financing for iEnergizer

CIT’s technology, media and telecommunications business served as co-lead arranger and joint bookrunner on a $150 million term loan and $15 million revolving credit facility for iEnergizer, a technology services and media solutions company.

February 3, 2021 CIT | iEnergizer | Thomas Westdyk Phil Neuffer

CIT Arranges $48MM Portfolio Financing of Medical Office Buildings

CIT’s healthcare finance business served as sole lead arranger of senior debt financing totaling $48 million for the acquisition of a portfolio of medical office buildings. The borrower is the joint venture between Kayne Anderson Real Estate and Remedy Medical Properties.

January 28, 2021 CIT | Kanye Anderson Real Estate | Peter Westmeyer | Remedy Medical Properties | William Douglass Phil Neuffer

CIT Arranges $56MM Financing for Seamax Containerships

CIT’s maritime finance business served as sole lead arranger on a $56 million senior secured financing on behalf of Seamax Container Shipping II.

Deutsche Bank, Helaba and NORD/LB Upsize 8minute’s Credit Facility to $350MM

Deutsche Bank, Landesbank Hessen-Thüringen (Helaba) and Norddeutsche Landesbank (NORD/LB), along with existing lenders, expanded 8minute Solar Energy’s $225 million revolving credit facility to $350 million.

Ready For Anything: How CIT Continues to Evolve in the Asset-Based Lending Industry

CIT is an established name in the asset-based lending industry, but that hasn’t stopped it from continuing to evolve and innovate. In 2020 alone, the bank expanded its ABL division, hired a new ABL team leader and continued to close deals with its CIT Northbridge Credit joint venture, setting itself up for continued success in the marketplace.

December 18, 2020 Chris Esposito | CIT | CIT Northbridge Credit | David Harnisch | Neal Legan Grace Garwood

CIT Acts as Coordinating Lead Arranger on $323MM Refinancing for Coso’s Geothermal Plant

CIT’s power and energy business served as coordinating lead arranger on refinancing totaling $323 million for Coso’s geothermal power facility in Southern California.

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