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 of plastic film used in printing, laminating, packaging and industrial applications.

CIT Corporate Finance served as Lead Arranger and Administrative Agent for the transaction. Financing was provided by CIT Bank, the U.S. commercial bank subsidiary of CIT. Terms of the transaction were not disclosed.

“CIT is pleased to continue our long standing relationship with Transilwrap, having agented the prior private equity buyout completed in September 2007,” said Tom Hobbis, Co-Head and Managing Director of CIT Sponsor Finance. “This deal highlights our specialized industry expertise and our ability to put our knowledge to work for our clients. We are proud to serve as a finance partner to The Jordan Company and look forward to further building our relationship.”

Mike Denvir, Senior Partner of The Jordan Company, said, “We are excited to participate in Transilwrap’s continued growth and to help Andy Brewer and the Transilwrap management team execute on their strategic plan for the Company’s future. Transilwrap’s broad portfolio of capabilities, strong market positions and deep management team make it an ideal platform in an attractive and growing industry. In addition to its specialized industry knowledge, CIT was selected to lead the financing of this transaction because of its longstanding relationship with Transilwrap and The Jordan Company, its expertise in underwriting and syndicating senior loans in the U.S. and its ability to close deals quickly and efficiently.”

Andy Brewer, President and CEO of Transilwrap, said, “Over the past several years, Transilwrap has continued to grow its leadership position through innovation, new market expansion and key company acquisitions resulting in record growth. We believe The Jordan Company is an ideal equity partner that is aligned with our strategy, and brings extensive financial and operational resources that will support our growth through market expansion, new product development, and strategic acquisitions. Transilwrap’s long standing relationship with CIT helped facilitate the smooth and efficient closing of this transaction.”