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The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
CIT Commercial Services Closes $50MM Factoring Facility to Supplier of Home Comfort Products
Thursday, October 19, 2023
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Lenders/Participants
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CIT Commercial Services [Factor]
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Structure
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Factoring Facility
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Amount
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$50.000
Million
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Borrower(s)
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Undisclosed
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Description
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The facility replaced the client's ABL facility with a major bank and will increase the client's financial flexibility without any cumbersome financial covenants. Annual factoring volume is expected to exceed $100 million.
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Industry
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Consumer Products
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| Related Tags |
CIT Commercial Services, Factoring
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ABL Advisor
Deal Tables
2025
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