FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
Skip Navigation LinksHome / News / Read News


CIT Northbridge Credit Arranges $50MM Credit Facility for Intermetal Rebar

August 17, 2021, 08:20 AM
Filed Under: Importer

CIT Northbridge Credit, as advised by CIT Asset Management LLC, served as sole lead arranger on a $50 million credit facility for Intermetal Rebar LLC.
Headquartered in Miami, Florida, Intermetal Rebar is a leading importer and distributor of reinforcing bar ("rebar") and other structural products to distributors, fabricators, and contractors in the non-residential construction industry.

"We are seeing increased demand for our products as the economy continues its post-pandemic rebound," said Joseph Tedesco, chief financial officer of Intermetal Rebar. "We appreciated the expertise of the CIT Northbridge team in arranging the financing to support our operations and empower us to serve our customers."

"Intermetal Rebar is well positioned in its industry to gain from the ongoing economic growth," said Neal Legan, who leads CIT Northbridge. "We worked closely with the company's leadership to understand their needs and develop a financing package that advances their business strategy."

Week's News

Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.