CIT Provides GCT Global Financing
CIT Capital Equipment Finance provided a $23.5 million credit facility to GCT Global Container Terminals. Financing was provided by CIT Bank.
February 18, 2015
CIT
ABF Journal
Opposition to CIT, OneWest Bank Merger Growing
According to a California Reinvestment Coalition news release, over 15,000 petitions were delivered to the Federal Reserve urging the Fed not to approve the proposed merger of CIT Group and OneWest Bank.
February 4, 2015
CIT Reports FY New Business Volume Up 8.5%
CIT reported its 2014 funded new business volume of $11.4 billion was up 8.5% from $10.5 billion a year earlier. The increase was primarily the result of a 40% increase in the new business volume from CIT’s Transportation & International Finance segment.
January 28, 2015
CIT Finances $76MM to Construction Partners
CIT Group announced that CIT Capital Equipment Finance served as lead agent in a $76 million senior secured credit facility to Construction Partners.
January 21, 2015
CIT Offers Outlook on Maritime Sector
Although lingering effects of the slow global economic recovery are still felt in the maritime industry, the sector is slowly improving, according to Svein Engh, group head/managing director, CIT Maritime Finance.
January 15, 2015
OneWest Bank Pushing Back on Hearings in Sale to CIT
Bloomberg reported that OneWest CEO Joseph Otting sent an e-mail to his contacts on Wall Street asking for help to discourage bank overseers from holding public hearings on its takeover by CIT.
January 12, 2015
CIT Launches New Mobile App
CIT Commercial Services launched a mobile app designed to bring the functionality of CIT Commercial Services’ Client Information System to iPhone and iPad devices.
January 8, 2015
CIT Arranges T5@Portland Financing
CIT Group served as lead arranger in a $55.5 million facility to T5@Portland. Financing was provided by CIT Bank.
December 23, 2014
CIT Leads Syndicate Facility for Construction Partners Refi
Construction Partners refinanced existing debt and consolidated its borrowings. ServisFirst and BBVA Compass provided revolvers, while a CIT-led syndicate structured an asset-based term loan and capex facility.
December 18, 2014
CIT Provides Financing to Hillwood
CIT Real Estate Finance provided a loan to Hillwood Investment Properties to develop Trade Center 83, a 1.2 million-square-foot Class A warehouse distribution center on 95 acres in York County, PA.
December 18, 2014