CIT Archives - ABFJournal

First Citizens Bank Extends Brand to Legacy CIT Business Verticals

First Citizens Bank is extending its brand to cover numerous commercial business verticals that previously fell under its CIT division, including nearly all of the businesses within CIT’s commercial finance group.

October 3, 2023 CIT | First Citizens Bank | Jim Hudak Ian Koplin

First Citizens Bank Provides Credit Facility to Signature Brands

First Citizens Bank’s asset-based lending group, part of the CIT division, provided a revolving credit facility to Signature Brands, a Ocala, FL-based provider of dessert decoration and seasonal celebration products.

June 7, 2023 Chris Esposito | CIT | First Citizens Bank | Geoffrey Samuels | Signature Brands Ian Koplin

First Citizens Bank Names Hudak President of CIT Commercial Finance

First Citizens Bank named Jim Hudak president of its CIT Commercial Finance group. Hudak has more than 20 years of experience as a commercial finance executive and previously oversaw CIT’s commercial finance businesses from 2008 to 2019.

June 6, 2023 CIT | CIT Commercial Finance | First Citizens Bank | Jim Hudak | Peter Bristow Ian Koplin

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.

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

First Citizens Bank Extends Brand to Legacy CIT Business Verticals

First Citizens Bank Provides Credit Facility to Signature Brands

First Citizens Bank Names Hudak President of CIT Commercial Finance

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

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

First Citizens Bank Reaches 125 Years in Business

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

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

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

CIT Provides $35MM Revolving Credit Facility to Utopia Deals

Tag Archives: CIT