First Citizens Bank announced that CIT Northbridge Credit, as advised by First Citizens Institutional Asset Management, has provided working capital financing via a revolving line of credit to Winona Foods in Green Bay, Wisconsin.Winona Foods is a...
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December 21, 2023, 07:45 AM
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First Citizens Bank announced CIT Northbridge Credit, as advised by First Citizens Institutional Asset Management, provided a $55 million revolving credit facility to National CineMedia to support their emergence from Chapter 11 bankruptcy.National...
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September 08, 2023, 08:00 AM
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First Citizens Bank announced that CIT Northbridge Credit, as advised by CIT Asset Management, has provided $45 million to refinance and upsize a secured credit facility for Tubular Synergy Group LP, a privately held sales, marketing and supply chain...
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May 23, 2023, 07:00 AM
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First Citizens Bank announced that CIT Northbridge Credit, as advised by CIT Asset Management LLC, has provided $40 million in financing for Tronair, a leader in the manufacturing of ground support equipment, aftermarket replacement parts and...
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May 19, 2023, 07:48 AM
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CIT, a division of First Citizens Bank, announced that CIT Northbridge Credit, as advised by CIT Asset Management LLC, served as agent on a $40 million revolving credit facility provided to Biery Cheese. The credit facility refinances Biery Cheese's...
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October 05, 2022, 07:45 AM
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CIT, a division of First Citizens Bank, announced that CIT Northbridge Credit, as advised by CIT Asset Management LLC, provided financing to Mohawk Fine Papers, the largest privately held premium paper manufacturer in North America. The financing...
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September 23, 2022, 07:52 AM
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CIT Northbridge Credit, as advised by CIT Asset Management LLC, served as agent on a $65 million revolving credit facility for Everlane, Inc., a leading retailer of sustainable apparel, accessories and footwear in the U.S. Founded in 2011 and based...
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September 16, 2022, 07:31 AM
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CIT, a division of First Citizens Bank, named Randy Lederman as a managing director for business development activities across the Northeast for CIT Northbridge Credit LLC, a joint venture advised by CIT Asset Management LLC.Based in New York...
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July 27, 2022, 07:57 AM
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CIT Northbridge Credit, as advised by CIT Asset Management, served as sole lead arranger on a $65 million credit facility for Hello Bello, a manufacturer and marketer of baby, child and adult care products. "This financing will provide additional...
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April 29, 2022, 07:30 AM
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Great Rock Capital provided $25.0 million of liquidity through a senior secured credit facility to support Natural Gas Compression Systems (“NGCS”), a Michigan-based full-service gas compression equipment and service business throughout the United...
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April 28, 2022, 07:36 AM
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CIT, a division of First Citizens Bank, announced that CIT Northbridge Credit, as advised by CIT Asset Management LLC, served as sole lead arranger on a $145 million credit facility for Natural Gas Compression Systems Inc. Based in Traverse City...
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April 22, 2022, 07:50 AM
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CIT Northbridge Credit, as advised by CIT Asset Management, and Tiger Finance arranged up to $47 million in financing for a leading e-commerce seller of branded consumer products.The financing consists of a $30 million revolving credit facility...
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March 30, 2022, 07:58 AM
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CIT, a division of First Citizens Bank, announced that CIT Northbridge Credit, as advised by CIT Asset Management, served as sole lead arranger on a $20 million senior lending facility for Davey Coach Holdings, a portfolio company of Progress Equity...
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February 15, 2022, 08:05 AM
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CIT Group announced that CIT Northbridge Credit, as advised by CIT Asset Management LLC, served as sole lead arranger on a senior secured credit facility to support the acquisition of Baker & Taylor LLC, a premier provider of books, digital content...
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November 17, 2021, 07:47 AM
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CIT Northbridge Credit, as advised by CIT Asset Management LLC, served as sole lead arranger on a $45 million senior secured credit facility for MVP Payroll Financing LLC. Based in Chandler, Arizona, MVP Payroll Financing provides business clients...
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September 22, 2021, 07:49 AM
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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...
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August 17, 2021, 08:20 AM
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CIT Group announced that CIT Northbridge Credit, as advised by CIT Asset Management LLC, served as sole lead arranger on a $25 million credit facility for F Street Investments LLC, a lender to real estate investors and developers.Based in Milwaukee...
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August 12, 2021, 07:42 AM
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CIT Northbridge Credit, as advised by CIT Asset Management, served as sole lead arranger on a $30 million credit facility to an online retailer of luxury accessories. The asset-based financing consists of a senior secured revolving credit facility....
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June 23, 2021, 08:06 AM
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CIT Northbridge Credit, as advised by CIT Asset Management LLC, served as sole lead arranger on a $17.4 million credit facility for Hynes Industries, a provider of custom metal solutions. Based in Youngstown, Ohio, Hynes Industries manufactures...
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June 11, 2021, 07:37 AM
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CIT Northbridge Credit named Todd Ping as a managing director for business development activities across the southeastern United States.Based in Atlanta, Ping will be responsible for sourcing new asset-based loan opportunities from $15 million to...
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May 27, 2021, 08:05 AM
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CIT Group announced that CIT Northbridge Credit, as advised by CIT Asset Management LLC, served as sole lead arranger on a $23 million credit facility for Nova Compression, LLC (a successor company to MGC Equipment Company, LLC).Founded in December...
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March 31, 2021, 07:30 AM
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CIT Northbridge Credit named Sandy Thomson as a managing director for business development activities across the western United States.Thomson, based in Los Angeles, will be responsible for sourcing new asset-based loan opportunities ranging from $15...
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March 26, 2021, 08:00 AM
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CIT Group announced that CIT Northbridge Credit, as advised by CIT Asset Management LLC, served as sole lead arranger on a $20 million senior secured credit facility for Laurel Grocery Company LLC. Headquartered in London, Kentucky, Laurel Grocery is...
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December 03, 2020, 07:00 AM
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CIT Group announced that CIT Northbridge Credit, as advised by CIT Asset Management LLC, served as sole lead arranger on a senior secured credit facility for Arizona Nutritional Supplements LLC, a portfolio company of Endeavour Capital.Arizona...
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November 17, 2020, 07:50 AM
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CIT Group Inc. (NYSE: CIT) today announced that CIT Northbridge Credit, as advised by CIT Asset Management LLC, served as sole lead arranger on a $40 million senior secured credit facility for Europa Sports Products LLC.Europa Sports Products is an...
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July 16, 2020, 08:50 AM
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CIT Group Inc. announced that CIT Northbridge Credit, through its investment advisor CIT Asset Management LLC, served as sole lead arranger on a $20 million senior secured credit facility for Marquis Construction Services LLC.Headquartered in Clute...
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June 18, 2020, 09:10 AM
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Second Avenue Capital Partners, LLC (“SACP”) and CIT Northbridge Credit (“CIT Northbridge”) announced the closing of a $60,000,000 senior secured credit facility to Stock+Field, a premier farm, home, and outdoor retailer. Stock+Field, formerly known...
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June 10, 2020, 09:00 AM
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CIT Group Inc. announced that CIT Northbridge Credit, through its investment advisor CIT Asset Management LLC, served as sole lead arranger on a $75 million senior secured credit facility for MVP Staffing.Headquartered in Deerfield, Illinois, MVP...
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January 10, 2020, 09:10 AM
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CIT Group Inc. announced CIT Northbridge Credit, through its investment advisor CIT Asset Management LLC, served as sole lead arranger on a $40 million senior secured credit facility for Hantover Inc., a leading distributor of products to the food...
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October 17, 2019, 08:50 AM
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CIT Group Inc. announced CIT Northbridge Credit, through its investment advisor CIT Asset Management LLC, served as collateral and administrative agent and lead lender on a $100 million senior secured credit facility for Hornbeck Offshore Services...
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July 31, 2019, 08:55 AM
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Hornbeck Offshore Services, Inc. announced that it entered into a new $100 million senior secured asset-based revolving credit facility.The Administrative and Collateral Agent of the Senior Credit Facility is CIT Northbridge Credit LLC. The Company's...
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July 08, 2019, 08:55 AM
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CIT announced the appointment of Elijah Kaplan to lead CIT Northbridge Credit business development efforts across the Northeast.Based in New York, Kaplan is an experienced professional in middle market lending, private equity and restructuring. He...
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May 21, 2019, 09:00 AM
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CIT Group Inc.announced that CIT Northbridge Credit, through its investment advisor CIT Asset Management LLC, served as sole lead arranger on a $24 million senior secured credit facility for Pocono ProFoods, a leading foodservice distributor in the...
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February 14, 2019, 08:10 AM
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CIT Group Inc. announced that CIT Northbridge Credit, its joint venture financing unit, served as sole lead arranger on a $53.8 million senior secured credit facility for Circle 8 Crane Services LLC.
Based in Houston, Texas, Circle 8 Crane Services...
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January 08, 2019, 07:08 AM
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CIT Group Inc. announced that CIT Northbridge Credit, its joint venture financing unit, served as sole lead arranger on a $35 million senior secured credit facility for Imperial Crane Services Inc.
For nearly half a century, Imperial Crane, based in...
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August 03, 2018, 07:18 AM
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CIT Group Inc. announced that CIT Northbridge Credit, its joint venture financing unit, served as sole lead arranger on a $17 million senior secured revolving and term loan credit facility for Walker Zanger.Walker Zanger, headquartered in Los Angeles...
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July 20, 2018, 07:12 AM
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CIT Group Inc. announced that its CIT Northbridge Credit joint venture served as sole lead arranger on a $30 million revolving credit facility for Alliance Time Holdings. Headquartered in Manhattan, Alliance Time Holdings is a highly data-driven...
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May 16, 2018, 07:08 AM
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CIT Group Inc. announced that CIT Northbridge Credit served as sole lead arranger on a three-year, $20 million senior secured revolving and term loan credit facility for Arkos Field Services LP, a leading provider of aftermarket services to the...
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March 29, 2018, 07:15 AM
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Wells Fargo Capital Finance, part of Wells Fargo & Company, announced that its Lender Finance division was administrative agent and lead arranger of a senior revolver to fund CIT Northbridge Credit LLC.
CIT Northbridge will provide revolving and...
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September 06, 2017, 07:32 AM
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CIT Bank appointed Penny Fine as managing director to lead Business Development for CIT Northbridge Credit LLC (CIT Northbridge), effective immediately. In this role, Fine will be responsible for driving the origination efforts for a broad range of...
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August 29, 2017, 08:10 AM
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CIT Bank announced a strategic partnership with Allstate. The joint venture, CIT Northbridge Credit LLC (CIT Northbridge), will provide revolving- and term-loan commitments from $15 million to $100 million to middle-market companies across various...
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July 11, 2017, 07:40 AM
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