CIT Group served as the coordinating lead arranger on a $416 million debt financing supporting Longroad Energy’s 379-megawatt Prospero solar facility. Facebook will be the sole tax equity investor.
CIT Leads $425MM Facility for AdaptHealth
April 30, 2019
CIT Group’s Healthcare Finance business led a $425 million senior credit facility on behalf of AdaptHealth.
J.P. Morgan Leads Legendary Entertainment $1B Revolver
June 29, 2018
Legendary Entertainment closed a $1 billion senior secured revolving credit facility led by J.P. Morgan.
CIT Adds Cha to Comm & Technology Finance Team
June 29, 2018
CIT Group added Jason Cha to its Communications & Technology Finance team in its Commercial Finance division. Cha began his career with the Leveraged Finance group at Lehman Brothers/Barclays Capital.
CIT Adds Affolter to Sponsor Finance Group
June 6, 2018
CIT Group added Thomas M. Affolter to the Sponsor Finance team in its Commercial Finance division.
CIT Names Chief Risk Officer; Promotes CCO
May 29, 2018
CIT named Wahida Plummer as its chief risk officer responsible for all enterprise risk. The company also promoted its Chief Credit Officer Marisa Harney to an expanded role leading all credit risk.
CIT Survey: U.S. Small Businesses See Growth in 2018
May 1, 2018
CIT Direct Capital announced the results of its survey conducted by The Harris Poll, revealing nearly three out of four U.S. small businesses plan to expand their product and service offerings this year.
CIT Names Jones to Lead Business Capital, Lytle to Lead Rail
January 25, 2018
CIT named Mike Jones president of Business Capital, replacing Steve Solk who will focus on Consumer Banking. Jeff Lytle was named president of Rail, replacing George Cashman who will retire.
CIT Healthcare Agents $136MM Facility for CommuniCare
January 23, 2018
CIT Healthcare closed on a $136.9 million senior secured credit facility for CommuniCare Health Services comprised of a $121.9 million real estate term loan and a $15 million revolving asset-based line of credit.
CIT Supports White Oak in $550MM Transaction with GECAS
January 19, 2018
White Oak Global Advisors completed a $550 million transaction with GE Capital Aviation Services to buy and immediately lease back 20 wide body aircraft engines. CIT served as lead arranger in the transaction.
