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News Stories (27 Results) - CIT Northbridge Credit

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... Read Story
September 22, 2021, 07:49 AM


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... Read Story
August 17, 2021, 08:20 AM


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... Read Story
August 12, 2021, 07:42 AM


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.... Read Story
June 23, 2021, 08:06 AM


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... Read Story
June 11, 2021, 07:37 AM


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... Read Story
May 27, 2021, 08:05 AM


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... Read Story
March 31, 2021, 07:30 AM


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... Read Story
March 26, 2021, 08:00 AM


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... Read Story
December 03, 2020, 07:00 AM


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... Read Story
November 17, 2020, 07:50 AM


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... Read Story
July 16, 2020, 08:50 AM


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... Read Story
June 18, 2020, 09:10 AM


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... Read Story
June 10, 2020, 09:00 AM


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... Read Story
January 10, 2020, 09:10 AM


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... Read Story
October 17, 2019, 08:50 AM


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... Read Story
July 31, 2019, 08:55 AM


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... Read Story
July 08, 2019, 08:55 AM


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... Read Story
May 21, 2019, 09:00 AM


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... Read Story
February 14, 2019, 08:10 AM


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... Read Story
January 08, 2019, 07:08 AM


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... Read Story
August 03, 2018, 07:18 AM


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... Read Story
July 20, 2018, 07:12 AM


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... Read Story
May 16, 2018, 07:08 AM


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... Read Story
March 29, 2018, 07:15 AM


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... Read Story
September 06, 2017, 07:32 AM


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... Read Story
August 29, 2017, 08:10 AM


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... Read Story
July 11, 2017, 07:40 AM