CIT Group announced that it provided a $75 million senior secured credit facility to an affiliate of AES Distributed Energy, Inc., a subsidiary of The AES Corporation, to finance its acquisition of residential solar systems across the United States...
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June 26, 2015, 07:53 AM
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CIT Corporate Finance, Healthcare provided a $29.5 million senior secured credit facility to Real Properties Health Facilities Corp. (RPHF), that will be used to consolidate existing real estate debt and for working capital purposes. RPHF operates 12...
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June 04, 2015, 07:24 AM
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CIT Group Inc. announced that CIT Corporate Finance served as administrative agent on a $40 million senior secured asset-based revolving credit facility for TowerBrook Capital Partners L.P., a private equity firm. The financing was used to facilitate...
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May 21, 2015, 07:48 AM
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Compass Datacenters and KeyBank, as syndication agent, have secured a $25 million credit commitment from CIT Group Inc. Financing was provided by CIT Bank, the U.S. commercial bank subsidiary of CIT. CIT joins Compass' other financial partners that...
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March 12, 2015, 07:44 AM
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CIT Group announced that CIT Corporate Finance, Healthcare served as sole lead arranger, sole bookrunner and administrative agent in a $210 million senior secured credit facility to support Epic Heath Services’ (Epic) acquisition of Loving Care...
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March 03, 2015, 08:01 AM
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CIT Group announced that it served as lead arranger in a $55.5 million senior secured credit facility to T5@Portland, a subsidiary of T5 Data Centers, LLC, an owner and operator of server-ready single and multi-tenant data centers across North...
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December 23, 2014, 07:23 AM
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CIT Group Inc. served as joint lead arranger in a $243 million senior secured credit facility for GI Partners, a San Francisco-based private equity firm, to acquire Kellermeyer Bergensons Services (KBS), a leading national provider of contract...
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December 19, 2014, 07:53 AM
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An annual retail outlook study (www.cit.com/retailoutlook) of more than 250 senior middle-market retail executives conducted by CIT Group Inc. found cautious optimism among respondents. Fifty-five percent of executives anticipate their total holiday...
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November 21, 2014, 07:30 AM
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The fast casual segment remains the top performer in the restaurant sector, and will continue to lead activity and change. The segment, typified by the likes of Chipotle, Noodles & Company and Zoe’s Kitchen, is providing offerings that are consistent...
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November 07, 2014, 07:08 AM
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CIT Group Inc. provided financing to Wakefern Food Corp., the largest supermarket cooperative in the United States. Wakefern is the principal supplier of food and non-food products to member-owned supermarkets that trade under the ShopRite and...
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October 09, 2014, 07:27 AM
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CIT Group served as Joint Lead Arranger and Administrative Agent in a $325 million senior secured credit facility to LCI Helicopters (LCIH), the helicopter leasing subsidiary of Lease Corporation International. The facility will be used to acquire...
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October 02, 2014, 07:32 AM
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CIT Group announced that it served as Joint Lead Arranger in a $65 million senior secured credit facility to support Maxim Partners’ and Falcon Investment Advisors’ acquisition of Laney Directional Drilling, Co., the largest independent Horizontal...
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September 04, 2014, 07:19 AM
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In the face of an economy on a slow rebound and shifts in consumer behaviors, the winners among retailers since the Great Recession are those that are adapting their business models and keeping their brands relevant and their value proposition...
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July 15, 2014, 07:14 AM
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CIT Group Inc. announced that CIT Corporate Finance arranged a $125 million senior secured credit facility for Independence Contract Drilling (ICD), an integrated premium land drilling services provider with a fleet of ShaleDriller™ land drilling...
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June 04, 2014, 07:18 AM
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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...
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April 15, 2014, 07:44 AM
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CIT Group announced that CIT Corporate Finance, Healthcare served as Sole Lead Arranger in a $50 million senior secured credit facility for QMES, a distributor of durable medical equipment to patients in nine states. QMES is a portfolio company of...
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April 08, 2014, 07:19 AM
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CIT Group Inc., a leading provider of financing and advisory services to small businesses and middle market companies, announced that it served as Joint Lead Arranger in a $450 million senior secured credit facility for YRC Worldwide, one of the...
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April 02, 2014, 07:14 AM
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CIT Group Inc. has appointed William Douglass Group Head and Managing Director of CIT Corporate Finance, Healthcare, effective immediately. He previously served as Underwriting Manager for the Group where he was responsible for overseeing the...
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March 25, 2014, 07:46 AM
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CIT Group Inc. announced that it arranged a $43 million senior secured credit facility for Laney Directional Drilling, Co., a portfolio company of Chart Capital Partners. The financing will be used to refinance an existing facility and provide...
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March 06, 2014, 07:32 AM
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The demand for lending in the middle market is robust, according to Jeff Kilrea, Co-Head and Managing Director of CIT Sponsor Finance at CIT Group, Inc., a leading provider of financing and advisory services to small businesses and middle market...
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March 04, 2014, 06:56 AM
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CIT Group announced that it served as Joint Lead Arranger in a $310 million senior secured credit facility for The Snoqualmie Entertainment Authority, which owns and operates all gaming and related businesses on behalf of the Snoqualmie Tribe of...
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February 11, 2014, 07:41 AM
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CIT Group announced that it arranged a $160 million senior secured credit facility for The Jordan Company, a middle market private equity firm, to support its acquisition of Transilwrap Company, Inc., a leading manufacturer, converter and distributor...
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January 30, 2014, 07:10 AM
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CIT Group today reported net income of $130 million for the fourth quarter of 2013, compared to net income of $207 million for the fourth quarter of 2012. Net income for the year ended December 31, 2013 was $676 million compared to a net loss of $592...
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January 28, 2014, 07:41 AM
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CIT Group Inc. announced that CIT Real Estate Finance provided a $33 million senior secured credit facility to Exeter Property Group, a real estate private equity firm that acquires, develops, and manages commercial properties across the U.S. The...
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December 19, 2013, 07:39 AM
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CIT Group Inc. arranged a $110 million senior secured credit facility for Levine Leichtman Capital Partners’ acquisition of Genova Diagnostics, a specialty clinical laboratory that has pioneered a unique systems-based approach to testing that...
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December 18, 2013, 07:44 AM
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CIT Group Inc. announced that CIT Corporate Finance served as joint lead arranger in a $370 million senior secured credit facility for independent film studio The Weinstein Co. The financing will be used to refinance an existing facility and provide...
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December 03, 2013, 07:21 AM
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CIT Corporate Finance served as sole lead arranger in a $110 million senior secured facility for Epic Health Services, a leading provider of pediatric home health and therapy services as well as adult in-home services. Epic Health Services is a...
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November 20, 2013, 07:52 AM
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CIT Group Inc. announced that CIT Corporate Finance provided a $35 million senior secured credit facility to Central States Tower II, LLC (CST II), a leading independent operator and developer of wireless communications towers and portfolio company...
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November 07, 2013, 07:51 AM
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CIT Group Inc. today announced that it provided a senior secured term loan to Cole Real Estate Investments, Inc. (Cole), a real estate investment trust (REIT) that owns and manages a diversified portfolio of real estate, including restaurant, retail...
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October 28, 2013, 08:33 AM
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CIT Group announced that it arranged a $100 million senior secured credit facility for AWCC Holdings LLC, a subsidiary of American Wind Capital, to acquire a portfolio of land leases and lease royalties from solar projects from Hawaii to New York....
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September 18, 2013, 07:45 AM
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CIT Group announced that CIT Corporate Finance served as Co-Lead Arranger in a $194.5 million senior secured credit facility to TruckPro, one of the largest independent distributors of heavy duty truck parts in the United States, to finance its...
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September 04, 2013, 08:33 AM
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CIT Group arranged a $60 million senior secured credit facility for Independence Contract Drilling (ICD), a vertically integrated premium land drilling services provider, to build a fleet of fast moving land-based oil and gas programmable AC drilling...
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June 12, 2013, 08:39 AM
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CIT Group arranged a $210 million senior secured credit facility for The Jordan Company, a private equity firm that specializes in buying and building companies, to support its refinancing of Haas Group International, Inc., the largest independent...
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June 03, 2013, 08:32 AM
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CIT Group arranged a $26 million senior secured credit facility to Citizens Solar Holdings for the construction of five ground-mounted solar photovoltaic power generation facilities located in Devens, Holyoke, Whately and Agawam, Massachusetts....
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May 06, 2013, 08:32 AM
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CIT Group Inc. provided a $96 million senior secured credit facility to Harvest Partners, a leading middle market private equity firm, to support its refinancing of TruckPro, LLC, a leading independent distributor of aftermarket parts and...
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May 02, 2013, 08:31 AM
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CIT Group, a leading provider of financing and advisory services to small businesses and middle market companies, arranged a $220 million senior secured credit facility to help finance the acquisition of TrustHouse Services Group by Elior SCA and...
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April 25, 2013, 07:39 AM
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NewStar Financial announced that it has hired veteran credit risk manager Dan McCready as chief credit officer.
McCready joins NewStar from CIT Group where he was chief credit officer of CIT Corporate Finance. He has nearly 30 years of experience in...
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March 26, 2013, 08:01 AM
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CIT Group reported net income of $207 million for the fourth quarter of 2012, improved from $36 million for the year-ago quarter. The current period includes net charges of $83 million related to the redemption of student loan asset-backed securities...
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January 29, 2013, 07:52 AM
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