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CIT Appoints Friant Managing Director of CIT Corporate Finance, Energy

April 15, 2014, 07:44 AM

CIT Group Inc. appointed Todd Friant Managing Director of CIT Corporate Finance, Energy, effective immediately. He will be responsible for leading the origination efforts for senior lending opportunities in the oilfield services and midstream sub-sectors. Friant will report directly to Mike Lorusso, Group Head of CIT Corporate Finance, Energy.

“We’re pleased to have Todd join our team as he has extensive experience originating, executing, managing and optimizing a wide variety of debt and buyout investments across several Energy sub-sectors,” said Lorusso. “His proficiency in originating transactions and industry knowledge in the oilfield services and mid-stream sub-sectors will serve us well. These are attributes of our team that we look to build on as we continue to provide financing for middle market companies across the energy industry.”

Prior to joining CIT, Friant was a Managing Director in American Capital’s Energy Group and served on various Boards of Directors. Previously, Friant worked at Hunt Resources (formerly part of Hunt Consolidated’s family of companies) where he assisted in the build-out of the energy-focused principal investing effort, and provided analytical support to the Hunt operating companies. Before this, he spent three years as an analyst at Simmons & Company International and Salomon Smith Barney.

CIT Corporate Finance, Energy provides value-added financing products and services to growth-oriented companies throughout the energy sector, including oil & gas and power.

Founded in 1908, CIT is a financial holding company with more than $35 billion in financing and leasing assets. It provides financing, leasing and advisory services to its clients and their customers across more than 30 industries. CIT maintains leadership positions in middle-market lending, factoring, retail and equipment finance, as well as aerospace, equipment and rail leasing.

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