Cologix said it entered into an amended secured credit facility totaling $255 million. Royal Bank of Canada served as administrative agent; RBC, TD Securities and CIT served as joint lead arrangers.
Bank of America reportedly hired Jeffrey Peek, who ran commercial lender CIT Group for six years, as an executive vice chairman in the global investment bank.
CIT Group announced that CIT Corporate Finance, Healthcare provided a $29.5 million senior facility to Real Properties Health Facilities to consolidate existing real estate debt and for working capital purposes.
CIT Group reported Q1/15 net income was $104 million, down 12% from net income of $117 million in Q1/14. Earnings per diluted share of $0.59 were off from the $0.73 EPS expected by analysts polled by Thomson Reuters.
Middle market healthcare executives are optimistic for 2015 with 71% indicating that they expect their revenues to increase this year, according to the “2015 Middle Market Healthcare Outlook” released by CIT Group.
In an article released by CIT, Mike Lorusso, Group Head and Managing Director, CIT Corporate Finance, Energy, asks, what does the drop in oil prices mean for related business that support the industry?
According to an announcement from Fox & Weeks, former CIT president and CEO John A. Maslanka, 70, passed on February 21, 2015 at Savannah Square Retirement Community.
CIT Reals Estate Finance provided a $44.8 million senior secured term loan to a joint venture between The Treeline Companies, Mega Contracting and Glenmont Capital Management.
CIT Corporate Finance, Healthcare served as sole lead arranger, sole bookrunner and administrative agent in a $210 million credit facility to support Epic Health Services’ acquisition of Loving Care Agency (LCA).
According to a report that appeared in the Los Angeles Times, the chief executives of CIT and OneWest Bank said the planned merger would be good for poor neighborhoods.