First Citizens Bank announced the official launch of its Middle Market Banking unit to support the financial needs and goals of midsize businesses across the Southeastern U.S. Headquartered in Charlotte, First Citizens Middle Market Banking is now...
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September 06, 2022, 08:10 AM
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CIT, a division of First Citizens Bank, announced its Real Estate Finance business provided a loan to TruAmerica Multifamily for the acquisition of The Park at Napoli Apartments in Winter Park, Florida.The Park at Napoli is a multifamily apartment...
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August 02, 2022, 07:30 AM
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CIT, a division of First Citizens Bank, announced Tony Cheng will now be serving as Vice President, Client Service Officer in its Commercial Services business. Cheng is based in Los Angeles and will be the primary contact for several clients in the...
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July 25, 2022, 07:45 AM
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CIT, a division of First Citizens Bank, announced that its Maritime Finance business provided $80 million to refinance two Korean-built container ships operated by Seamax. "As the container ship market remains strong and our charter exposure solid...
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July 13, 2022, 07:22 AM
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CIT, a division of First Citizens Bank, has hired Geoffrey Samuels as a business development officer in its Asset-Based Lending business.Samuels will be based in Charleston, South Carolina, with a focus on asset-based lending business development...
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July 12, 2022, 07:39 AM
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CIT, a division of First Citizens Bank, appointed Cheryle Arevalo to the position of account executive for the Western Region of CIT’s Commercial Services business. Arevalo will be based in Los Angeles, California and will manage the relationships...
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May 31, 2022, 07:41 AM
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CIT, a division of First Citizens Bank, announced its Community Association Banking group has been selected as winner of the "Best B2B Payments Platform" award for C-PropertyPay in the sixth annual FinTech Breakthrough Awards program. The recognition...
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April 28, 2022, 07:21 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, a division of First Citizens Bank, has appointed Geoff Black to the position of managing director and group head for the Lender Finance business in its Business Capital division. Black, who was also promoted to senior vice president, will be...
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April 12, 2022, 08:00 AM
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CIT, a division of First Citizens Bank, announced that its Real Estate Finance business provided $35.6 million for the acquisition of two multifamily residential properties in the North Shore area of Massachusetts. The Heights at Haverhill, located...
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April 01, 2022, 07:44 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 its Real Estate Finance business provided a $29.9 million loan for the acquisition of a portfolio of industrial buildings in Greater Chicago by Aminim Group. The portfolio consists of three...
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March 29, 2022, 07:35 AM
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Businesses are investing in technology to expand online operations and facilitate remote work during the pandemic. But many of those same businesses are also eager to see their employees return to the workplace in greater numbers over the long...
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March 17, 2022, 07:00 AM
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CIT, a division of First Citizens Bank, announced a reorganization of its Commercial Services factoring business to position it for accelerated growth by providing even better service for clients and prospects.CIT Commercial Services is one of the...
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March 08, 2022, 08:00 AM
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CIT, a division of First Citizens Bank, announced that its Real Estate Finance business served as sole lead arranger on a $39.6 million loan to an affiliate of Clarion Partners to finance the acquisition and development of Southside Logistics Center...
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March 04, 2022, 07:40 AM
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CIT, a division of First Citizens Bank, announced that its Real Estate Finance business provided $51 million in financing for the acquisition of the Oceana Apartments in Avondale, Arizona.Oceana Apartments, which was acquired by 29th Street Capital...
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February 25, 2022, 07:39 AM
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CIT, a division of First Citizens Bank, announced that its Power and Energy business served as coordinating lead arranger on a $71.4 million in financing for a portfolio of solar projects.The borrower, Arches Solar LLC, a subsidiary of CleanCapital...
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February 18, 2022, 07:42 AM
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CIT, a division of First Citizens Bank, announced that its Healthcare Finance business served as sole lead arranger on two financings totaling $80.7 million for the acquisition of surgical centers in Naples, Florida, and Alexandria, Louisiana. In...
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February 17, 2022, 07:00 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, a division of First Citizens Bank, announced that its Real Estate Finance business provided financing for the acquisition of the Morada Plano Apartments in Plano, Texas.Built in 2019 and 2020, the Morada Plano Apartments is a 183-unit...
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February 11, 2022, 07:00 AM
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CIT, a division of First Citizens Bank, announced that its Asset-Based Lending business served as sole lender on a $35 million senior secured credit facility for D.P. Nicoli Inc.D.P. Nicoli is a leading provider of trench shoring rental equipment to...
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February 03, 2022, 07:38 AM
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CIT, a division of First Citizens Bank, announced that its Asset-Based Lending business arranged a senior secured credit facility for FPA WhiteHawk III-Plus Master Fund L.P. to facilitate the Fund's investments. The FPA WhiteHawk Fund seeks to earn...
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January 26, 2022, 07:53 AM
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CIT's Industrial group within its Equipment Finance business provided more than $5 million toward the acquisition of multiple pieces of heavy equipment by a large construction firm. The 10 items of heavy equipment financed by CIT include articulated...
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January 21, 2022, 07:39 AM
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CIT, a division of First Citizens Bank, announced that its Power and Energy business served as lead arranger of $50.5 million in financing for construction of Amp's NY3 assets, a planned portfolio of new community solar installations in New York...
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January 20, 2022, 07:40 AM
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CIT, a division of First Citizens Bank, announced its Aerospace, Defense and Government business provided financing for seven leased helicopters managed by Thora Capital.The helicopters, used for emergency medical transport services, are on long-term...
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January 13, 2022, 07:15 AM
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First Citizens BancShares, parent company of First-Citizens Bank & Trust Company announced completion of its previously announced merger with CIT Group. North Carolina-headquartered First Citizens is now a top 20 U.S. financial institution (based on...
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January 04, 2022, 08:00 AM
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CIT Group's Maritime Finance business provided $35.5 million to finance four commercial shipping vessels operated by Greenyield Shipping LLC. Greenyield is managed by Hayfin Capital Management, one of Europe's leading alternative asset management...
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December 29, 2021, 08:08 AM
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First Citizens BancShares, the parent company of First-Citizens Bank & Trust Company, and CIT Group the parent company of CIT Bank, jointly announced that their previous proposal to merge the two companies has received approval from the Board of...
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December 20, 2021, 07:47 AM
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CIT Group's Healthcare Finance business served as sole lead arranger of $34 million to refinance the Enclaves at Chandler, a senior housing community located in Chandler, Arizona. The financing was provided to Spectrum Retirement Communities LLC, a...
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December 17, 2021, 07:31 AM
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CIT Group's Middle Market Banking business provided $6.3 million to refinance corporate office properties for Diamond Communications LLC. Diamond Communications is one of the largest private wireless infrastructure companies in the U.S., managing...
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December 16, 2021, 07:47 AM
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CIT Group announced its Capital Equipment Finance business has hired three new business development leaders to support clients and growth in the equipment finance market.Thomas Linebarger, Scott Ryan and Erick Berreondo have joined CIT’s Capital...
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December 08, 2021, 07:48 AM
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CIT Group's Power and Energy business led the refinancing of a $69 million portfolio of solar facilities owned and operated by Strata Clean Energy LLC, a leading integrated solar and storage energy service provider based in North Carolina. The...
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December 03, 2021, 07:45 AM
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CIT Group announced that its Power and Energy business served as coordinating lead arranger on nearly $210 million in financing for a solar project in Brazoria County, Texas.Located in the Greater Houston power market Brazoria West Solar Project is a...
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November 30, 2021, 07:49 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 Group announced that its Maritime Finance business arranged to provide up to $58 million to refinance four container ships operated by Leonhardt & Blumberg.The financing includes both term loan and delayed draw components. Leonhardt & Blumberg is...
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November 09, 2021, 07:32 AM
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CIT Group announced that its Healthcare Finance business served as sole lead arranger on $55.5 million in financing for New Day Healthcare. New Day Healthcare, founded by long term home care executive G. Scott Herman, partners with market-leading...
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November 05, 2021, 07:40 AM
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CIT Group announced that its Asset-Based Lending business served as joint lead arranger on a $1.16 billion financing for PRO Unlimited Inc., a leading Integrated Workforce Management (IWM) platform provider. Serving hundreds of the world's most...
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November 03, 2021, 07:55 AM
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CIT Group Inc. announced its Maritime Finance business is providing $70 million in financing to Maritime Asset Partners for the refinancing of Sterling LLC. Maritime Asset Partners is a specialized finance platform focused on leasing, secured lending...
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November 02, 2021, 07:39 AM
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CIT Group announced that its Power and Energy business served as sole lead arranger for $67.8 million in financing for construction of the new AMP NY2 community solar and storage portfolio. CIT led the financing on behalf of Amp Energy, which is...
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November 01, 2021, 08:02 AM
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CIT Group announced that its Technology, Media and Telecommunications business served as sole lead arranger and administrative agent on up to $95 million in financing toward the relaunch of noted Hollywood film production company Castle Rock...
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October 22, 2021, 08:09 AM
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CIT Group announced that the Industrial group within its Equipment Finance business has provided about $4.4 million in financing toward the acquisition of multiple pieces of heavy equipment.The equipment consists primarily of yard loaders and...
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October 20, 2021, 07:35 AM
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CIT Group Inc. announced its Maritime Finance business served as sole lead arranger on $26.5 million in senior secured financing on behalf of Queen Esther Shipping Limited.The loan is secured by the Queen Esther, a modern container ship operated by a...
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October 15, 2021, 07:55 AM
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First Citizens BancShares, the parent company of First-Citizens Bank & Trust Company, and CIT Group, the parent company of CIT Bank, jointly announced that the two companies have agreed to extend the merger agreement from October 15, 2021, to March 1...
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October 01, 2021, 08:00 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 Group's Real Estate Finance business served as sole lead arranger on a $41.6 million loan for the acquisition and renovation of The Devonshire Apartments in Hemet, California. The 276-unit multifamily complex is being acquired by TIG Devonshire...
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September 17, 2021, 07:48 AM
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CIT Group's Healthcare Finance business served as sole lead arranger on financing for the acquisition of Hedwig Place, a 102,774-square-foot five-story medical office building close to downtown Houston, Texas. The facility is a Class-A medical office...
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September 10, 2021, 07:35 AM
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CIT Group announced that Eduard Vernède has joined the company as managing director in CIT's Aerospace, Defense & Government Services business. In his new role, Vernède will largely be focused on CIT's lending activity to serve the...
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September 09, 2021, 08:00 AM
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CIT Group's Healthcare Finance business served as sole lead arranger on a loan of about $43 million to finance the acquisition of a portfolio of medical office buildings in Florida and Arizona. The portfolio, acquired by Cypress West Partners...
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September 02, 2021, 07:50 AM
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CIT Group's Real Estate Finance business served as sole lead arranger on a $26 million loan for the acquisition of a three-building portfolio of industrial buildings in West Palm Beach, Florida. The properties comprise nearly 200,000 square feet of...
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August 25, 2021, 07:28 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's Real Estate Finance business provided $28.2 million in financing for construction of the Via Del Lago apartments in the Moreno Valley region of Greater Los Angeles. Via Del Lago is planned as a 135-unit multifamily apartment complex in...
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August 13, 2021, 07:45 AM
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CIT Group's Maritime Finance business served as sole lead arranger on a $70 million senior secured credit facility for MPC Container Ships, a leading provider in the feeder container ship market segment. MPC Container Ships operates a fleet of 64...
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August 11, 2021, 07:42 AM
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CIT Group has appointed Kevin Ronan as National Sales Director for the Capital Equipment Finance business.Ronan, who was also promoted to senior vice president, will be based in New York and will oversee business development within Capital Equipment...
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July 30, 2021, 07:00 AM
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CIT Group announced that its Healthcare Finance business served as lead arranger of $100 million in financing for Cornerstone Healthcare Group Holdings Inc. and their long-term acute care hospital division.Based in Dallas and founded in 1990...
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July 29, 2021, 07:50 AM
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Star Mountain Capital closed a $225 million asset-based leverage facility from top quality institutional investors led by ING Capital. The lending group consists of ING, CIT, TIAA Bank, Axos Bank, East West Bank, Georgia Banking Company and Customers...
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July 23, 2021, 08:00 AM
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CIT Group announced that its Middle Market Banking business provided $14.3 million in financing to Depot Properties LLC. Depot Properties is the owner and operator of a large truck servicing terminal in Laredo, Texas, primarily occupied by...
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July 22, 2021, 07:51 AM
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First Citizens BancShares Inc., the parent company of First-Citizens Bank & Trust Company, and CIT Group Inc., the parent company of CIT Bank, N.A., jointly announced the proposal to merge the two companies has received regulatory approval from the...
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July 15, 2021, 08:01 AM
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CIT Group's Power and Energy business served as lead arranger for $68.4 million in financing for the acquisition of Crane Solar, a 150-megawatt solar farm located in Crane County, Texas, and an adjacent 25-megawatt battery development.Starwood Energy...
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July 14, 2021, 08:00 AM
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CIT Group's Maritime Finance business is providing $42 million in financing for a portfolio of seven dry bulk vessels. Dynamic Bulk Holdings, a leading dry bulk shipping operator, will use the loan to refinance existing debt on its fleet of seven...
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June 25, 2021, 07:52 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 Group's Real Estate Finance business provided $42.8 million in financing for the acquisition of a recently built apartment complex in Tampa, Florida. The 264-unit multifamily complex known as the Lola Apartments was completed in 2018. Amenities...
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June 18, 2021, 07:47 AM
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CIT Group's Healthcare Finance business served as sole lead arranger on a $33.2 million loan to finance the acquisition of a medical office building in Brooklyn, New York. The class A medical office building is located at 902 Quentin Road, Brooklyn....
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June 16, 2021, 07:20 AM
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KKR announced the launch of AV AirFinance Limited, a global commercial aviation loan servicer established by a team of experienced industry professionals together with KKR. The new secured loan servicing platform combines stable, long-term capital...
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June 14, 2021, 07:12 AM
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CIT Group is selling its aviation loan portfolio to KKR. This is related to a previously announced definitive agreement for a portfolio that has a committed loan balance of nearly $800 million across more than 50 loans for approximately 60 commercial...
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June 11, 2021, 08:09 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 Group's Asset-Based Lending business served as agent and sole lender on a loan and revolving credit facility for GEE Group Inc., a leading provider of professional staffing services and human resources solutions. Proceeds from the financing will...
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June 09, 2021, 07:34 AM
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CIT Group's Power and Energy business served as coordinating lead arranger for approximately $200 million in financing for the 149-megawatt Big River solar power project in White County, Illinois. The project sponsor is D. E. Shaw Renewable...
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May 28, 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 hired Blake Goddard as a business development officer in its Asset-Based Lending business.Goddard will be based in Atlanta and focus on asset-based lending business development across the Southeast region, where he will be responsible for...
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May 20, 2021, 08:00 AM
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CIT Group's Real Estate Finance business provided $35.7 million in financing for the construction of a new 17-story multifamily development in the Clinton Hill section of Brooklyn. The building, which will house 138 mixed-income rental units, is...
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May 14, 2021, 07:44 AM
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CIT Group's Maritime Finance business served as sole lead arranger on a $34.25 million financing for a portfolio of six dry bulk vessels. The financing was arranged on behalf of Globus Maritime Limited, a leading integrated dry bulk shipping operator...
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May 13, 2021, 07:08 AM
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CIT Group named Christopher DeRosa as a business development officer in the West Coast office of its Commercial Services business.DeRosa, a Vice President, will be based in Los Angeles and will focus on business development across a wide range of...
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May 12, 2021, 07:26 AM
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CIT Group's Maritime Finance business served as sole lead arranger on a $22 million financing for a portfolio of five container ships.The financing was arranged on behalf of Madison Marine Corp., which is partially refinancing debt on five 4,000-TEU...
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May 11, 2021, 07:22 AM
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CIT Group's Healthcare Finance business served as sole lead arranger on a $17.4 million loan to finance the acquisition of a portfolio of three medical office buildings in Bakersfield, California. The medical office building portfolio includes more...
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May 07, 2021, 07:33 AM
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CIT Group won two Stevie® Awards for business excellence in the 19th Annual American Business Awards®. The awards include a Gold award for Company of the Year in Banking and a Silver award for Corporate Social Responsibility Program of the Year."CIT...
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May 06, 2021, 07:00 AM
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Burford Capital announced the appointment of Kenneth A. Brause as Chief Financial Officer, effective May 3, 2021. Brause will be based in Burford's New York office.Jim Kilman, Burford's current CFO, was appointed in August 2019 to serve for up to two...
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May 03, 2021, 08:00 AM
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CIT Group's Power and Energy business served as coordinating lead arranger on a $84 million financing for a new 140-megawatt solar farm in Fort Bend County, Texas.Cutlass Solar is a utility-scale project to be built about 40 miles southwest of...
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April 29, 2021, 07:20 AM
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CIT Group's Healthcare Finance business served as sole lead arranger on a $19.3 million loan to finance the acquisition of the Sugar Creek Health Center in Sugar Land, Texas.The Sugar Creek Health Center, an 84,646-square-foot medical office building...
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April 23, 2021, 07:08 AM
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CIT Group announced that its Equipment Finance business, part of the Business Capital division, has hired new business development leaders for the Northeast, West and Southwest regions.Wayne Wagner, Mark Johnson and JP DeStefano join CIT as vice...
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April 22, 2021, 08:14 AM
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CIT Group's Healthcare Finance business served as sole lead arranger on a $15.9 million financing for two medical office buildings in Littleton, Colorado.The buildings, known as Arapahoe Medical Plaza I and II, are located on the campus of Littleton...
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April 15, 2021, 07:09 AM
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CIT Group's Real Estate Finance business served as sole lead arranger on a $27 million loan to finance acquisition of a warehouse and distribution center in Green Cove Springs, Florida. The facility, located about 40 miles south of downtown...
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April 09, 2021, 07:17 AM
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CIT Group's Healthcare Finance business served as sole lead arranger on an $18.5 million loan to finance the acquisition of the Singing River Cancer Center in Florence, Alabama.The borrower, Cypress West Partners is an experienced and successful...
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April 07, 2021, 06:33 AM
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CIT Group announced that its Real Estate Finance business provided financing for construction of a new 730,000-square-foot logistics center and campus in North Las Vegas, Nevada. Construction on the SunPoint West facility is expected to begin in...
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April 01, 2021, 07:40 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's Healthcare Finance business served as sole lead arranger on a $39 million loan to finance the Jefferson Health medical office building adjoining the Philadelphia Navy Yard Corporate Center. The borrower, Norvin Healthcare Properties, is...
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March 23, 2021, 07:00 AM
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OneTeam Capital (OTC), announced that its membership has appointed specialty finance industry veteran W. Taylor Kamp as Chief Executive Officer, effective March 11th, 2021.Mr. Kamp brings an impressive 35 year career of building and growing...
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March 19, 2021, 08:10 AM
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CIT Group announced that its Small Business Solutions group has been selected as winner of the “Business Lending Innovation Award” for its point-of-sale lending platform in the fifth annual FinTech Breakthrough Awards program. The recognition was...
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March 17, 2021, 06:00 AM
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CIT Group's Maritime Finance business served as sole lead arranger on a $45 million financing for a portfolio of seven container ships. The financing was arranged on behalf of a fund managed by Mangrove Partners, a New York City-based value-oriented...
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February 24, 2021, 07:29 AM
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CIT's Real Estate Finance business provided $42.4 million in financing for the construction of the new apartment complex in Nashville, Tennessee, to be known as NOVEL Harpeth Heights by Crescent Communities. The new four-story, 322-unit multifamily...
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February 22, 2021, 06:00 AM
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CIT Group Asset-Based Lending committed to $25 million in financing while serving as joint lead arranger on an asset-based credit facility of up to $145 million on behalf of a commercial finance company serving government contractors. The client...
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February 18, 2021, 07:45 AM
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CIT Group announced that its Power and Energy business served as a co-lead arranger on a $93.3 million financing for a portfolio of six battery energy storage systems located in Texas. The battery energy storage systems (BESS) are owned by Key...
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February 12, 2021, 07:15 AM
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CIT Group's Middle Market Banking business arranged $10.1 million in financing for construction of a new owner-occupied office building in Fremont, Nebraska.The borrower, WLG Fremont LLC, will use the financing to construct a 54,000-square-foot...
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February 11, 2021, 07:30 AM
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CIT Group's Healthcare Finance business served as sole lead arranger on $16.1 million in financing for the acquisition of a portfolio of dialysis centers.Cypress West Partners acquired the portfolio of six newly constructed built-to-suit dialysis...
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February 05, 2021, 08:00 AM
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CIT Group's Technology, Media and Telecommunications business served as co-lead arranger and joint bookrunner for a $165 million financing on behalf of iEnergizer, a leading technology services and media solutions company.The financing, which...
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February 03, 2021, 07:30 AM
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CIT Group received a score of 100 on the Human Rights Campaign Foundation's 2021 Corporate Equality Index, the nation's foremost benchmarking survey and report measuring corporate policies and practices related to LGBTQ workplace equality for the...
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January 29, 2021, 07:15 AM
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CIT Group's Healthcare Finance business served as sole lead arranger of senior debt financing aggregating $48 million for the acquisition of a portfolio of medical office buildings. The borrower is a joint venture between Kayne Anderson Real Estate...
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January 28, 2021, 07:15 AM
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CIT Group's Maritime Finance business served as sole lead arranger on a $56 million senior secured financing on behalf of Seamax Container Shipping II LLC. The loan is secured by four containerships operated by Seamax Shipping, an existing CIT client...
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January 19, 2021, 07:00 AM
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CIT Group announced that its Power and Energy business led a $69 million financing for a portfolio of solar facilities owned and operated by Strata Solar LLC, a leading integrated solar and storage energy service provider based in North...
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January 14, 2021, 06:50 AM
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CIT Group announced that its Power and Energy business served as coordinating lead arranger on a $323 million refinancing of the Coso Geothermal power facility in Southern California.Originally developed in 1987, the 142-megawatt Coso Geothermal...
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December 15, 2020, 08:10 AM
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CIT Group's Asset-Based Lending and Sponsor Finance businesses collaborated to serve as agent and sole lender on a $25 million revolving credit facility for KMS, LLC, one of the nation's largest wholesalers of consumer product closeouts and special...
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December 04, 2020, 07:30 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 Inc. announced that its Healthcare Finance group, part of the company's Commercial Finance division, has arranged a $75 million senior secured asset-based credit facility on behalf of One Call Corporation, a leading service provider to the...
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December 02, 2020, 08:50 AM
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CIT Group announced that its Real Estate Finance business provided a $38 million senior secured loan toward the acquisition of an apartment complex in Winter Park, Florida.The property, owned by Phoenix Realty Group (“PRG”) and its investors and...
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December 01, 2020, 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 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 announced that its Sponsor Finance business, part of the Commercial Finance division, served as joint lead arranger and joint bookrunner for a $70 million financing on behalf of Estyle Holdings Inc., makers of Eco Style hair gel and a wide...
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November 13, 2020, 07:28 AM
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CIT Group announced that its Power and Energy business served as coordinating lead arranger on a $151 million financing for the 250-megawatt Galloway I solar farm planned for Concho County, Texas.The financing was arranged on behalf of Skyline...
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October 30, 2020, 08:10 AM
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CIT Group announced that its Healthcare Finance business served as sole lead arranger on a $39 million loan for the acquisition of the North Hills Health Center in Menominee Falls, Wisconsin.IRA Capital acquired the medical campus, consisting of two...
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October 29, 2020, 08:27 AM
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CIT Group announced that its Asset-Based Lending and Sponsor Finance businesses, both part of the Commercial Finance division, collaborated to serve as joint lead arranger on $175 million financing for MSTS, a B2B payment and credit solutions...
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October 22, 2020, 07:50 AM
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First Citizens BancShares, Inc., the parent company of First-Citizens Bank & Trust Company, and CIT Group Inc., the parent company of CIT Bank, N.A., jointly announced they have entered into a definitive agreement under which the companies will...
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October 16, 2020, 08:33 AM
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CIT Group announced that its Technology, Media and Telecommunications business has led an expansion of an existing credit facility to $400 million to support rapidly accelerating growth by Mobilitie Investments III LLC, a telecommunications...
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October 15, 2020, 09:00 AM
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CIT Group Inc. Chairwoman and Chief Executive Officer Ellen R. Alemany has received the Leadership Legacy Award from the Center for Executive Succession at the University of South Carolina’s Darla Moore School of Business. The award honors building a...
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October 08, 2020, 09:20 AM
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CIT Group Inc. announced that its Maritime Finance business served as sole lead arranger on a $70 million senior secured financing on behalf of International Container Company Holdings Limited.The loan is secured by three large container vessels...
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October 02, 2020, 09:00 AM
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CIT Group Inc. announced that its Asset-Based Lending business served as agent and sole lender on a $75 million revolving credit facility for Skillsoft, a global leader in learning and talent management solutionsBased in Boston, Massachusetts...
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October 01, 2020, 08:50 AM
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CIT Group Inc. announced the launch of a new commercial online banking platform, designed to maximize efficiency and agility for Community Association Banking customers. With new and enhanced features, the platform offers a robust suite of digital...
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September 29, 2020, 08:45 AM
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CIT Group Inc. announced that its Healthcare Finance group, part of the company's Commercial Finance division, provided a $20 million senior secured credit facility for Protech Home Medical Corp., a leader in the home medical equipment industry...
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September 21, 2020, 08:55 AM
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For middle-market and small businesses, the COVID-19 pandemic is highlighting the vital importance of investing in new technology, facilitating remote work and maintaining the tech-savvy workforce needed to make it all happen, according to a new...
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September 17, 2020, 09:00 AM
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CIT Group Inc. announced that its Asset-Based Lending business, part of the Commercial Finance division, served as joint lead arranger on a $150 million asset-based revolving credit facility for Steven Madden Ltd.Steve Madden is a leading designer...
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September 01, 2020, 08:55 AM
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CIT Group announced that its Power and Energy business served as coordinating lead arranger on a $266 million financing for Longroad Energy’s 331-megawatt Prospero 2 solar project in Andrews County, Texas.A leader in renewable energy project...
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August 27, 2020, 08:00 AM
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CIT Group Inc. announced that its Asset-Based Lending business, working in conjunction with its Sponsor Finance group, served as lead arranger on senior secured credit facility for von Drehle Corporation, a leading maker of high quality paper towel...
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August 18, 2020, 09:00 AM
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CIT Group Inc. announced its Maritime Finance business, part of its Commercial Finance division, served as sole lead arranger on $28 million refinancing for Valloeby Shipping Ltd.
Valloeby, which is owned by a fund managed by a U.S. private equity...
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August 14, 2020, 08:40 AM
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CIT Group Inc. announced its Power and Energy business served as lead arranger for approximately $185 million in financing for a 66-megawatt portfolio of community solar projects.The financing was arranged on behalf of Clearway Energy Group, one of...
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August 11, 2020, 08:45 AM
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CIT Group and its Healthcare Finance unit announced a $25 million loan supporting Seavest Healthcare Properties’ acquisition of the MLK Community Hospital Medical Office Building in South Los Angeles. The private, nonprofit hospital provides...
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July 30, 2020, 08:00 AM
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CIT Group Inc. announced it has named Chris Esposito as Managing Director in charge of its newly expanded Asset-Based Lending business. In this role, Esposito is responsible for managing the Asset-Based Lending team, overseeing the national ABL...
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July 10, 2020, 09:00 AM
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CIT Group Inc. announced that its Asset-Based Lending team served as administrative agent for a new $185 million senior secured, asset-based credit facility for Orscheln Farm and Home LLC, a leading retailer of farm supplies, home improvement...
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June 04, 2020, 08:55 AM
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CIT Group Inc. announced its Community Association Banking (CAB) business has added two new regional account executives to serve property management companies and homeowner association banking needs in the Florida market.Stacy Crowley and Sal...
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May 01, 2020, 08:55 AM
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CIT Group Inc. announced its Treasury and Payments Services business is collaborating with B2B fintech innovator Fintainium to provide an integrated payments and financial workflow management solution to meet the needs of small and midsize businesses...
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April 29, 2020, 08:55 AM
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CIT Group Inc. has provided critical financing for its client Aria Designs to help it procure millions of advanced N95 surgical masks that will protect medical professionals battling the COVID-19 pandemic.Aria Designs, a North Carolina-based...
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April 02, 2020, 07:59 AM
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CIT Group Inc. announced its Power and Energy business served as lead arranger for a $140 million financing for esVolta, a leading developer of utility-scale energy storage systems for renewable energy projects.The portfolio consists of more than 136...
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February 25, 2020, 09:05 AM
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CIT Group announced that its Healthcare Finance unit served as the lead arranger of $93.7 million in combined financing for 19 healthcare facilities in California, Nevada and Washington between New Generation Health LLC (New Gen) and affiliates of...
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February 19, 2020, 08:00 AM
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CIT Group announced its newly-acquired Community Association Banking division is launching a new suite of premium reserve accounts for homeowner association deposits. These accounts offer competitive returns and the backing of a surety bond for...
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February 03, 2020, 09:05 AM
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CIT Group Inc. announced that its Power and Energy unit arranged approximately $200 million in financing for a 76-megawatt portfolio of community solar projects in four states.The financing was arranged on behalf of Clearway Energy Group, one of the...
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January 22, 2020, 08:30 AM
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CIT Group Inc. announced it has hired Calvin Navatto as a Business Development Officer in its Commercial Services business.Navatto will be based in New York City and focus on business development across a wide range of business verticals supported by...
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January 17, 2020, 09:10 AM
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CIT Group Inc. announced that its banking subsidiary, CIT Bank, N.A., completed the acquisition of Mutual of Omaha Bank on Jan. 1, 2020. This transaction advances CIT's strategic plan through the addition of a stable, lower-cost homeowner association...
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January 02, 2020, 09:00 AM
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CIT Group Inc. announced its Real Estate Finance unit provided $36.2 million in financing for the acquisition of Park Center, a 97% leased, multi-tenant office building in Plano, TX.Park Center, which was acquired by an affiliate of Innovatus Capital...
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December 11, 2019, 08:25 AM
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CIT Group Inc. has appointed Mihir J. Shah as director of technology originations in its Technology, Media and Telecommunications business.In his new role, Shah will have primary responsibility for expanding the business’s existing coverage network...
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December 04, 2019, 08:00 AM
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CIT Group Inc. announced that the Office of the Comptroller of the Currency (OCC) has provided regulatory approval for Mutual of Omaha Bank to be merged into CIT's banking subsidiary, CIT Bank, N.A. Subject to the receipt of certain other regulatory...
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November 20, 2019, 08:50 AM
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Computer hardware and software upgrades are topping the list of investments planned by middle market companies, which regard technology as a key driver of their growth, according to a new survey conducted by The Harris Poll for CIT Group Inc.Middle...
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November 13, 2019, 08:50 AM
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CIT Group announced that its Supply Chain Finance unit, part of its Commercial Services division, is expanding its capabilities to better serve its financing clients. Buyers and suppliers can now optimize their working capital by leveraging Supply...
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October 22, 2019, 09:10 AM
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CIT Group Inc. announced its Real Estate Finance unit served as lead arranger on $87 million in financing for a portfolio of Storage Rentals of America-branded self-storage facilities.The financing will be used by a fund managed by SROA Capital, LLC...
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October 11, 2019, 08:40 AM
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CIT Group Inc. announced that its Real Estate Finance division provided a $56 million senior secured mortgage loan for the acquisition and renovation of the Bel Air Las Colinas Apartments, a multifamily complex in Irving, Texas.The property, which...
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October 10, 2019, 08:55 AM
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CIT Group Inc. announced that Bob McElyea has joined the company as managing director leading CIT’s Merchant and Card Initiative in the Treasury and Payment Services group. In this role, McElyea will lead the transformation of payment services for...
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October 09, 2019, 08:50 AM
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CIT Group Inc. announced that its Technology, Media and Telecommunications business has arranged an $18 million financing package for Denovo Ventures LLC.Denovo, a leading provider of managed IT services and enterprise resource planning (ERP)...
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September 25, 2019, 08:55 AM
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CIT Group Inc. (NYSE: CIT) today announced that its Real Estate Finance division served as co-lead arranger on $90.6 million in financing for a new multifamily housing project in Washington, D.C.The project will be built by a joint venture managed by...
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September 20, 2019, 08:45 AM
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CIT Group Inc. announced David S. Bagatelle has joined the company as a Managing Director and will lead the relationship commercial banking activity in the Eastern region. In this role, Bagatelle will deliver an integrated product offering from...
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September 19, 2019, 08:50 AM
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CIT Group announced that its Healthcare Finance business served as sole lead arranger for a $27.2 million loan for two assisted living facilities in Texas.The borrower, a joint venture between Harrison Street and Franklin Development Partners, is...
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September 13, 2019, 08:50 AM
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CIT Group Inc. (NYSE: CIT) announced its Power and Energy business served as coordinating lead arranger for $140 million in debt financing to support construction of the Lotus Solar Farm, a 67-megawatt solar project in Madera, California. Concurrent...
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September 11, 2019, 08:55 AM
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CIT Group Inc. announced David Harnisch will join the company as president of Commercial Finance, effective Sept. 23, 2019. Harnisch will succeed the current president of Commercial Finance Jim Hudak who has elected to retire following a 20-year...
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August 26, 2019, 09:10 AM
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CIT Group Inc. announced Philip Robbins has joined the company as the President of Asset Management and Capital Markets. In this role, he will manage the capital markets portfolio of products, the syndicated loan group and CIT's asset management...
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August 21, 2019, 09:00 AM
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CIT Group Inc. and Mutual of Omaha (Mutual) announced a definitive agreement for CIT’s banking subsidiary, CIT Bank, N.A., to acquire Mutual’s savings bank subsidiary, Mutual of Omaha Bank, for a purchase price of $1 billion.The purchase price will...
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August 13, 2019, 09:00 AM
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CIT Group Inc. announced that it served as sole lead arranger of a $60 million financing for Carolina Restaurant Group (CRG), operators of 108 Wendy’s restaurant franchises across North Carolina and South Carolina.Based in Charlotte, North Carolina...
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August 07, 2019, 08:55 AM
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CIT Group Inc. announced Ken Martin has joined the company as Managing Director of the Small Business Solutions unit, which is part of its Business Capital division. Martin will lead the strategy and operation of the digital small business financing...
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August 06, 2019, 08:55 AM
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CIT Group Inc. announced an expansion of its investment management and advisory capabilities that provides increased capacity and flexibility to finance private equity sponsor-owned middle market companies across a diverse range of industry...
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July 23, 2019, 09:00 AM
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CIT Group Inc. announced that its Real Estate Finance division provided $27.5 million in financing for the acquisition of 4040 Civic Center Drive, a multi-story office building in San Rafael, Calif.The property, which was acquired by Innovatus...
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July 12, 2019, 08:45 AM
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CIT Group Inc. announced James J. Gifas has joined the company, effective today, as the head of Treasury Services and will serve on CIT's Executive Management Committee. In this role, he will manage the treasury and cash management product portfolio...
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July 09, 2019, 09:00 AM
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CIT Group Inc. announced Leslie Grizzard has joined the company as Managing Director in the company's Aerospace, Defense & Government Services business.Grizzard will have responsibility for leading CIT's lending activity to serve the...
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June 11, 2019, 08:51 AM
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CIT Group Inc. announced that its Real Estate Finance division provided $48.2 million in senior secured financing for the acquisition and redevelopment of The District at Grand Terrace, an apartment complex in San Bernardino County, California.The...
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June 07, 2019, 08:50 AM
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CIT Group Inc. announced that its Power & Energy business served as the coordinating lead arranger on a $416 million debt financing supporting Longroad Energy’s 379-megawatt Prospero solar facility to be built in Andrews County, Texas.Founded in 2016...
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May 30, 2019, 09:10 AM
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CIT Group Inc. announced that its Healthcare Finance business served as sole lead arranger for a $64 million loan to refinance assisted living facilities in Florida.
The borrower, Virtus Real Estate Capital (Virtus), is refinancing a portfolio of...
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May 13, 2019, 09:05 AM
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CIT Group Inc. announced that it served together with NORD/LB as co-lead arrangers and joint documentation agents on a $91 million term loan financing on behalf of Mesa Airlines, the fifth largest independent regional air carrier in the U.S.The...
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May 09, 2019, 09:10 AM
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CIT Group Inc. (CIT) announced that its Maritime Finance business served as sole lead arranger on a $40 million senior secured credit facility for MPC Container Ships, a leading provider in the feeder container ship market segment.MPC Container Ships...
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April 29, 2019, 09:05 AM
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CIT Group Inc. announced that its Healthcare Finance business served as the sole lead arranger on $24.75 million in financing for the purchase of a medical office building complex in Springfield, Massachusetts.The borrower, a joint venture between...
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April 26, 2019, 09:05 AM
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CIT Group Inc. and Square Mile Capital Management LLC announced they have originated a $63.9 million loan to finance the development of The Caldwell, a 259-unit, 180,000-square-foot high-rise rental residential project with ground floor retail being...
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April 25, 2019, 08:45 AM
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CIT Group Inc. announced that its Real Estate Finance division has provided $28.6 million in acquisition financing for The Quay on 17th Street, a shopping center in Fort Lauderdale, Florida.The property, which is being acquired by a joint venture...
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April 19, 2019, 08:55 AM
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CIT Group Inc. announced its Healthcare Finance business served as sole lead arranger for $36.8 million in financing for the real estate acquisition of the Bakersfield Heart Hospital by The Sanders Trust.Bakersfield Heart Hospital is an award-winning...
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April 11, 2019, 09:00 AM
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CIT Group Inc. announced Amna Mahmood has been promoted to Managing Director, National Underwriting Manager, in CIT’s Commercial Services business.In her new role, Mahmood will be responsible for managing and supervising underwriters across all...
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April 01, 2019, 09:10 AM
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CIT Group Inc. announced that Neal Harm has joined the company's Commercial Services business as managing director overseeing strategy, business development and project management. He will report to Commercial Services President Marc Heller.Harm...
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March 27, 2019, 09:22 AM
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CIT Group Inc. announced that it has completed a third round of financing for an innovative battery-based energy storage project that helps facilitate greater use of renewable energy in Southern California.This latest round of financing for Macquarie...
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March 26, 2019, 08:45 AM
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CIT Group announced that James R. Hubbard has been named the company's general counsel and corporate secretary, effective March 18, 2019. Hubbard will join CIT's Executive Management Committee and report to Chairwoman and Chief Executive Officer...
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March 14, 2019, 12:00 PM
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CIT Group Inc. announced that its Real Estate Finance division served as the sole lead arranger of a $48.7 million senior secured loan for the acquisition and lease-up of the Ballantine Industrial Center in Newark, New Jersey. The property is being...
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February 22, 2019, 07:12 AM
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Macquarie Capital, the corporate advisory, capital markets and principal investing arm of Macquarie Group ("Macquarie") announced the closing of a $100 million debt financing of an innovative battery-based energy storage project in Southern...
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December 21, 2018, 08:15 AM
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CIT Group Inc. announced that Robert Rubino has been named president of CIT Bank, N.A., the banking subsidiary of CIT, and head of Commercial Banking, effective Feb. 25. Rubino will join the company’s Executive Management Committee and report to...
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December 05, 2018, 08:00 AM
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CIT Group Inc. announced that its Healthcare Finance business, part of CIT’s Commercial Finance division, provided $28.7 million in financing for the acquisition of medical office buildings in Brockton and Haverhill, Massachusetts.
The Brockton...
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December 04, 2018, 07:15 AM
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CIT Group Inc. announced that its Real Estate Finance business served as a sole lead arranger of a $91 million senior secured loan for the acquisition of the Sheraton Denver Hotel in downtown Denver, Colorado.
The property, which serves as Denver’s...
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November 20, 2018, 07:16 AM
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CIT Group Inc. revealed a simplified and refreshed brand identity aimed at presenting a more cohesive market presence following a multi-year transformation of the company. The effort includes a new marketing campaign, tagline and website reflecting...
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November 16, 2018, 07:45 AM
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CIT Group Inc. announced it has named Evan Cohen as managing director and group head for its Maritime Finance business.
In his new role, Cohen leads a team of underwriting and business development professionals in building new client relationships...
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November 12, 2018, 08:01 AM
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CIT Group Inc. announced that Alla Whitston has joined the company as the chief technology officer reporting to Denise Menelly, executive vice president and head of technology and operations. In this role, Whitston will lead the technology planning...
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October 30, 2018, 08:00 AM
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CIT Group Inc. announced that its Real Estate Finance division was the sole lead arranger of a $50 million senior secured loan for the acquisition of industrial properties in San Diego, California, by BKM Capital Partners. The acquisition consisted...
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October 17, 2018, 07:12 AM
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CIT Group Inc. announced that its Maritime Finance unit served as sole lead arranger on a $15 million senior secured loan for MRC Maritime Holdings, a ship-owning entity controlled by a private New York City-based investment fund manager.The loan...
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October 11, 2018, 07:03 AM
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CIT Group Inc. announced that it has named Chris Ralston as a director in the Lender Finance business within CIT’s Business Capital division.In his new role, Ralston will be responsible for analyzing portfolio opportunities and engaging with...
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September 21, 2018, 07:34 AM
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CIT Group Inc. announced it has named Christopher M. McLaughlin as chief underwriting officer for the company’s Commercial Finance division.
In his new role, McLaughlin is responsible for leading a team of underwriters and portfolio managers across...
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August 29, 2018, 07:15 AM
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Ride-hailing company Uber announced Nelson J. Chai has been named Chief Financial Officer.Chai brings more than a decade of experience in senior positions at some of the world’s leading publicly traded financial services and insurance companies. He...
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August 22, 2018, 07:41 AM
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CIT Group Inc. announced that its Real Estate Finance division was the sole lead arranger of a $45 million loan for a landmark residential project in the Tribeca neighborhood of Manhattan.The nine-story project, known as The Cast Iron House, consists...
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August 21, 2018, 07:07 AM
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CIT Group Inc. reported second-quarter net income available to common shareholders of $117 million, compared with net income available to common shareholders of $157 million for the year-ago quarter. Income from continuing operations available to...
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July 24, 2018, 08:01 AM
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CIT Group Inc. announced that it has added a senior leader to its Communications & Technology Finance team in its Commercial Finance division.
Jason Cha joins CIT as director of originations, with primary responsibility for expanding its existing...
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June 29, 2018, 07:10 AM
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Middle market executives today are more positive about the health of their businesses and more optimistic about their prospects for future growth than at any time in the last three years, according to the findings of a new survey conducted by The...
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June 28, 2018, 08:00 AM
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CIT Group Inc. announced that it added a senior leader to its Sponsor Finance team in its Commercial Finance division responsible for pursuing new growth opportunities for financing middle-market private equity sponsor owned businesses. Thomas M....
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June 06, 2018, 07:30 AM
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CIT Group Inc. announced that its Real Estate Finance division was the sole lead arranger of a $107.5 million senior-secured construction loan for a new 333-unit multifamily residential development planned for Downtown Oakland, Calif.
The project...
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May 23, 2018, 07:13 AM
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CIT Group Inc. announced that it has named Sarah L. F. McAvoy to the Corporate Treasurer position, effective March 19. In this role, McAvoy has responsibility for all aspects of treasury, including capital and liquidity management, balance sheet...
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March 14, 2018, 07:40 AM
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CIT Group Inc. announced the Healthcare Finance team within its Commercial Finance business provided a $175 million senior secured credit facility to QMES LLC, a large distributor of durable medical equipment to patients in seven Mid-Atlantic and...
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March 07, 2018, 07:10 AM
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Lease Corporation International (LCI), the leading helicopter lessor and aviation division of the Libra Group, has closed its inaugural capital markets term loan financing, with a value in excess of $55 million.The private, senior secured tranches...
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February 13, 2018, 07:12 AM
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CIT Group Inc. announced that the Corporate Banking unit of its Commercial Finance business arranged for $180 million in financing for HCT Group, a leader in innovative design, engineering and manufacturing of packaging solutions for global beauty...
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February 09, 2018, 07:20 AM
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CIT Group Inc. a provider of commercial lending and leasing services, announced that its Commercial Finance division’s Energy Finance business served as sole lead arranger and administrative agent for $46.5 million in construction-only financing on...
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February 08, 2018, 07:11 AM
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CIT Group announced three key additions to the Restaurant Franchise Finance team within its Equipment Finance business to support growth in this part of the industry. "With these appointments, we are continuing to build our Franchise Finance team to...
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February 01, 2018, 07:30 AM
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CIT Group Inc. announced that its Healthcare Finance business has closed a $136.9 million senior secured credit facility for CommuniCare Health Services Inc., a privately held company headquartered in Cincinnati, Ohio. The credit facility is...
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January 23, 2018, 07:34 AM
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CIT Group Inc., a provider of commercial lending and leasing services, and real estate broker Holliday Fenoglio Fowler, L.P. (HFF), announced $35 million in financing for Plaza 360, a 115,186-square-foot, creative office building in Oakland...
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December 12, 2017, 07:00 AM
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OneWest Bank, CIT Group Inc.'s Southern California branch bank, announced that Heather Ellison has joined the company as senior vice president and head of the retail branch banking channel. She succeeds Terri Decker, who has elected to retire in...
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December 08, 2017, 07:07 AM
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CIT Group Inc. announced that Nicholas Nunnari has joined the Commercial Services team as vice president and business development officer. In this position, Nunnari will advance the team's strategic initiatives and facilitate the continuing expansion...
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October 19, 2017, 07:14 AM
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CIT Group Inc. announced that Marc Adelson has joined the company's Commercial Services business as managing director and Northeast regional manager. In this position, Adelson will manage the largest region for the Commercial Services business and be...
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October 06, 2017, 07:06 AM
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SierraConstellation Partners, LLC (SCP), an interim management and advisory firm to middle-market companies in transition, announced that it has hired John Farrace as a managing director in the firm’s Los Angeles office. “We are very pleased to have...
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September 28, 2017, 07:46 AM
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Carl Marks Advisors, a restructuring advisory and investment banking firm to middle market companies, announced that Patrick Flynn has joined the firm as Managing Director, responsible for business development and providing financial advisory...
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September 22, 2017, 07:41 AM
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White Oak Commercial Finance, LLC (WOCF) an affiliate of White Oak Global Advisors, LLC and its institutional clients, announced that it had bolstered its Asset-Based Lending team with the appointment of commercial financing veteran Mignon Winston to...
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September 21, 2017, 07:20 AM
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CIT Group Inc. announced that Kenneth McPhail has been named executive vice president and chief strategy officer, effective immediately. In this role, he will have responsibility for strategic planning and initiatives, mergers, acquisitions and...
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September 05, 2017, 08:16 AM
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CIT Group announced that its Real Estate Finance business provided a $60 million senior secured construction loan to Edward J. Minskoff Equities, Inc. (Minskoff Equities), a privately held real estate investment and development firm. Proceeds from...
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August 16, 2017, 07:13 AM
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CIT Group Inc. announced that CIT Communications & Technology Finance provided a $20 million delayed-draw term loan (DDTL) to CTI Towers, a wireless tower company.
CTI Towers owns 208 towers and manages the Comcast Cable portfolio of 435 towers. The...
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July 14, 2017, 07:34 AM
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Stradley Ronon announced today that it has continued the growth of its New York office with the hiring of respected bankruptcy and commercial litigation attorney Deborah A. Reperowitz. Reperowitz joins Stradley Ronon as co-chair of the firm’s...
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July 07, 2017, 07:03 AM
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President Donald Trump announced on Monday that he plans to nominate Joseph Otting -- a veteran of the commercial lending industry -- as Comptroller of the Currency, a division of the Treasury Department.
Otting had a long career in financial...
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June 07, 2017, 08:00 AM
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CIT Group Inc. announced that its Real Estate Finance business provided a $46 million senior secured credit facility to Menin Development, a privately held owner, developer and manager of commercial real estate in the Southeast United States. Menin...
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May 10, 2017, 07:20 AM
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CIT Group announced financial results for the first quarter ended March 31, 2017.For the quarter ended March 31, 2017, the Company reported net income of $180 million compared to $146 million for the year-ago quarter. Income from continuing...
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April 25, 2017, 08:02 AM
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CIT Group announced that John Fawcett has been named executive vice president and chief financial officer. He will succeed CFO Carol Hayles who has decided to pursue other opportunities. Fawcett will join the company as an advisor on April 17, 2017...
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April 14, 2017, 07:16 AM
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CIT Group Inc., a provider of commercial lending and leasing services, announced that CIT Healthcare Finance served as joint lead arranger and joint bookrunner for a $275.3 million senior secured credit facility for Blue Wolf Capital Partners, a...
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March 07, 2017, 07:19 AM
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For the fourth quarter, CIT reported a net loss of $1.2 billion. Loss from continuing operations for the fourth quarter was $424 million. For the full year 2016, net loss was $861 million. Loss from continuing operations for the full year was $196...
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February 01, 2017, 07:53 AM
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CIT Group Inc., a leading provider of commercial lending and leasing services, announced the appointment of Paul Tufaro as Executive Vice President, Chief Compliance Officer, effective immediately. Tufaro will report to Executive Vice President and...
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January 17, 2017, 08:02 AM
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CIT Group Inc. announced that CIT Entertainment, Media, Gaming & Sports Finance served as Sole Lead Arranger and Administrative Agent for a $78.85 million senior secured credit facility to the St. Croix Chippewa Indians of Wisconsin. Financing was...
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December 15, 2016, 07:23 AM
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CIT Group Inc. announced the appointment of Gina Proia as Executive Vice President and Chief Marketing and Communications Officer, effective Dec. 14, 2016. Proia will serve on the company’s Executive Management Committee and report directly to Chief...
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December 14, 2016, 07:26 AM
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CIT Group Inc. announced that Steven T. Mnuchin has resigned from its Board of Directors, effective immediately. His resignation follows President-elect Donald J. Trump’s announced intention to nominate Mnuchin as the next Secretary of the...
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December 05, 2016, 07:41 AM
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CIT Group Inc. appointed Steve Solk as President of CIT Consumer Banking and President, California, effective immediately. This is in addition to his current responsibilities as President of CIT Business Capital and as a member of CIT Group’s...
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December 01, 2016, 08:06 AM
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According to the 8th annual CIT Retail Outlook, 80% of middle-market retailers rate their overall financial condition as healthy or very healthy. Many are cautiously optimistic about the upcoming holiday season and the near-term future. Sixty percent...
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November 23, 2016, 07:44 AM
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As a result of continued growth and increased demand for asset-based lending, Bibby Financial Services (BFS) announces the addition of Jim Vargo as Senior Vice President of Business Development. Vargo will lead the Asset Based Lending (ABL) division...
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November 16, 2016, 07:41 AM
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CIT Group Inc. announced that Michael Brosnan has been named to its Board of Directors effective November 10. Additionally, John Oros has stepped down from the Board due to the demands and requirements of his position with J.C. Flowers & Co.“We are...
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November 15, 2016, 07:28 AM
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CIT Group Inc. announced the appointment of Marisa J. Harney as Executive Vice President, Chief Credit Officer, effective immediately. Harney will report directly to Executive Vice President and Chief Risk Officer Robert Rowe.“We are pleased to have...
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November 09, 2016, 07:47 AM
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Super G Funding, a leading national provider of residual and cash flow based loans to lower middle market businesses, announced the hiring of Steve Bellah. Based in Dallas, Bellah is joining Super G to help scale the growing Cash Flow Lending...
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October 18, 2016, 07:43 AM
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CIT Group Inc. announced it has entered into a definitive agreement to sell CIT Commercial Air, its commercial aircraft leasing business, to Avolon Holdings Limited (“Avolon”), the international aircraft leasing company and a wholly-owned subsidiary...
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October 07, 2016, 07:21 AM
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Miller Buckfire, a leading investment bank specializing in corporate restructuring and recapitalization,announced that Richard Klein has joined as Managing Director in New York.Klein brings over twenty years of experience to Miller Buckfire. Most...
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September 26, 2016, 08:16 AM
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CIT Group announced that CIT Franchise Finance added four sales professionals to its Mid-Cap Restaurant Franchise Finance group.“These new members of our sales team bring long-standing experience in the restaurant industry as well as exceptional...
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September 22, 2016, 07:29 AM
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CIT Group Inc. announced the appointment of Stuart Alderoty, as Executive Vice President, General Counsel and Corporate Secretary. Alderoty will join CIT from HSBC North America Holdings, Inc. where he served as General Counsel since November of 2010...
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September 14, 2016, 07:23 AM
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CIT Group Inc. announced the appointment of James J. (Jim) Duffy as Executive Vice President and Chief Human Resources Officer, effective immediately. Duffy, who previously held the role of Global Head of Human Resources at CIT prior to leaving in...
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August 31, 2016, 07:14 AM
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CIT Group Inc. announced that CIT Commercial Services appointed Darrin Beer as Western Regional Sales and Portfolio Manager. In this role, Beer will lead CIT Commercial Services activities in the Western United States. He will continue to be based in...
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August 12, 2016, 08:19 AM
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CIT Group Inc. announced that CIT Corporate Banking provided $34 million in senior secured credit facilities to The Sun Valley Group, the largest supplier of cut flowers in the United States. The financing will be used for working capital and...
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July 15, 2016, 07:34 AM
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Monroe Capital LLC announced Marc Adelson has joined the firm as Managing Director, Originations. He joins Ben Marzouk and Lee Stern in the firm’s New York office, as the firm continues to expand its presence in the New York region.“We are very...
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July 12, 2016, 08:03 AM
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CIT Group Inc. announced CIT Real Estate Finance served as sole lead arranger for a $65 million senior secured construction loan for MC 19 East Houston LLC, a joint venture between Madison Capital and Vornado Realty Trust, two real estate industry...
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July 07, 2016, 07:24 AM
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CIT Group announced that it has reached a definitive agreement to sell its Canadian equipment finance and corporate finance businesses (“CIT Canada”), with more than US $700 million in assets, to Laurentian Bank of Canada. In addition, approximately...
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June 30, 2016, 08:03 AM
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CIT Group announced the launch of a mid-cap restaurant franchise finance practice to complement its successful large and small restaurant franchise financing businesses.“CIT franchise finance has long been recognized as a leading provider of...
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June 16, 2016, 07:56 AM
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McGlinchey Stafford PLLC announced the addition of accomplished attorney Deborah A. Reperowitz as a member in the firm's Commercial Litigation practice group and New York City office.Reperowitz is a nationally known attorney, representing clients in...
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June 10, 2016, 07:25 AM
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CIT Group Inc. announced that CIT Real Estate Finance provided a $35 million senior secured mortgage loan to a special purpose entity controlled by The Bascom Group, an owner/operator of multifamily properties, and funds managed by Oaktree Capital...
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May 27, 2016, 07:48 AM
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Sprott Asset Management announced that Ramesh Kashyap has joined the firm as senior vice president of Sprott’s Alternative Income Group. Kashyap will enhance Sprott’s due diligence and oversight capabilities and help maintain the firm’s commitment to...
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May 27, 2016, 07:30 AM
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Encina Business Credit, LLC (EBC) announced Bill Kearney has joined the company as Senior Managing Director to lead its expansion into retail finance on a national basis. Kearney will be targeting retailers across a wide range of market segments that...
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April 05, 2016, 08:01 AM
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Blue Hills Bank has hired bankers A. Keith Broyles and Yvonne Kizner to lead its new Asset-Based Lending initiative. Formerly senior vice president and first vice president, respectively, at First Niagara Commercial Finance, Broyles and Kizner join...
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March 24, 2016, 07:59 AM
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CIT Group announced several changes to its Board of Directors designed to include additional industry expertise and shareholder representation:
Ellen R. Alemany has been appointed Chairwoman effective after John A. Thain’s retirement as Chairman...
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February 22, 2016, 08:11 AM
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Activist investors are increasingly campaigning against U.S. financial institutions (FIs), a move driven by changes in the activists' approach and an increased alignment with regulatory objectives, according to Fitch Ratings.While traditionally...
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February 08, 2016, 07:29 AM
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CIT Group reported net income of $144 million for the fourth quarter of 2015, compared to net income of $251 million for the year-ago quarter. Income from continuing operations for the fourth quarter was $151 million compared to $252 million in the...
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February 02, 2016, 08:05 AM
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CIT Group (NYSE:CIT) announced the appointment of Marc Heller as President of CIT Commercial Services, effective February 1, 2016, following the retirement of current CIT Commercial Services President Jon Lucas on January 31, 2016. Heller will report...
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January 07, 2016, 07:30 AM
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CIT Group announced the following senior management appointments:Ellen R. Alemany has been appointed Chief Executive Officer and President of CIT Bank, N.A. effective immediately. Alemany is Vice Chairman of CIT Group and, as previously announced...
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December 09, 2015, 08:04 AM
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Siena Lending Group continues to expand its nationwide platform with today’s announcement of the hiring of Steve Bellah as the Southwest Regional Director. Bellah, a highly seasoned ABL veteran, will be focused on originating middle-market...
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December 03, 2015, 08:17 AM
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Cologix, a network neutral interconnection and data center company, has completed the previously announced acquisition of Net Access, LLC, a colocation and workspace recovery provider with over 200K gross SQF across three enterprise-grade facilities...
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November 20, 2015, 07:33 AM
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CIT Group Inc., a leading provider of commercial lending and leasing services, announced the appointment of Ed Sperling as Executive Vice President, Corporate Controller for CIT Group Inc. and CIT Bank N.A. He will report directly to Chief Financial...
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November 18, 2015, 07:06 AM
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Retailers are feeling confident about their financial situations – projecting growing sales and revenue – but many feel significant investment toward innovation in an omni-channel strategy including website, mobile and social media channels will be...
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November 12, 2015, 08:03 AM
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CIT Group reported net income of $693 million for the quarter ended September 30, 2015, compared to net income of $515 million for the year-ago quarter. Income from continuing operations was $697 million compared to $515 million in the year-ago...
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November 03, 2015, 07:39 AM
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CIT Group Inc. served as Joint Lead Arranger in a senior secured credit facility to support Audax Group, an alternative asset management firm specializing in investments in middle market companies, in its acquisition of Techniks Industries, a leading...
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October 27, 2015, 08:36 AM
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The announcement by CIT Group Inc. that John A. Thain will retire as Chief Executive Officer (CEO) at the end of first-quarter 2016, following the announcement earlier this week that CIT's Chief Financial Officer (CFO) Scott T. Parker will depart the...
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October 23, 2015, 07:51 AM
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The Board of Directors of CIT Group Inc., announced that Chief Executive Officer John A. Thain will retire effective March 31, 2016, and will continue to serve as Chairman of the Board of Directors, and that CIT Board Member Ellen R. Alemany will...
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October 22, 2015, 08:06 AM
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CIT Group announced a series of strategic initiatives that are designed to advance the Company’s transition to a U.S. Commercial Bank. The Company announced that it would explore strategic alternatives for its $10 billion Commercial Air business, and...
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October 22, 2015, 07:49 AM
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CIT Group announced that Scott T. Parker, Executive Vice President and Chief Financial Officer, will leave the company in November to serve as Executive Vice President and Chief Financial Officer of Springleaf Holdings, Inc.John A. Thain, Chairman...
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October 20, 2015, 07:32 AM
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Crestmark Bank announced Steve Turkish has been promoted to director of the bank’s Trade Services Division. In this role, Turkish will lead and develop talent within the division, and expand Crestmark’s footprint within the consumer products market...
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October 06, 2015, 07:29 AM
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CIT Group Inc. announced a joint venture with funds managed by TPG Special Situations Partners (TSSP), the dedicated special situations and credit platform with over $12 billion of assets under management, and part of TPG, a leading global private...
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August 27, 2015, 08:06 AM
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CIT Group announced that it provided a $165.5 million senior secured credit facility to The Jordan Company, a middle market private equity firm, to support its acquisition of DiversiTech, a manufacturer and distributor of a wide range of engineered...
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August 10, 2015, 08:25 AM
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CIT Group reported net income of $115 million for the quarter ended June 30, 2015, compared to net income of $247 million for the second quarter of 2014. Net income for the six month period ended June 30, 2015 was $219 million compared to $364...
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July 28, 2015, 07:48 AM
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Capital Business Credit LLC (CBC), a global commercial finance company, announces two key appointments, expanding the company’s Los Angeles and Charlotte offices. Matt Piccolo and Katherine Griffin have joined as Senior Account Executives/Vice...
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June 16, 2015, 07:54 AM
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Bloomberg reported that Bank of America Corp. hired Jeffrey Peek, who ran commercial lender CIT Group Inc. for six years, as an executive vice chairman in the global investment bank.Bloomberg reported Peek, most recently a vice chairman at Barclays...
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June 08, 2015, 07:57 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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With the possibility of rising interest rates on the horizon, middle market companies that fail to engage in any type of hedging activity are potentially leaving themselves exposed to higher costs of capital in the future. However, many of these...
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May 20, 2015, 07:09 AM
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CIT Group announced that it served as sole lead arranger and administrative agent in a $90 million senior secured credit facility to support vXchnge Holdings’ (vXchnge) acquisition of eight datacenters. vXchnge is a portfolio company of The Stephens...
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May 12, 2015, 07:31 AM
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THL Credit Advisors announced today that Thomas E. Lane has joined the firm as a Managing Director where he will focus on leading the origination, structuring, underwriting and execution of investments in the Media & Information Services sector for...
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May 04, 2015, 07:54 AM
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CIT Group reported net income of $104 million for the quarter ended March 31, 2015, compared to net income of $117 million for the first quarter of 2014. First quarter results were impacted by a higher tax provision resulting from the recognition of...
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April 28, 2015, 07:46 AM
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A rising economy and the increased availability of financing continue to give middle market company founders, and their private equity partners, reason to sell their companies and take advantage of high exit multiples. Lenders and banks are eager to...
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March 24, 2015, 07:26 AM
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Santander Bank, N.A. announced that Vincent Belcastro has been appointed as the group head of equipment finance. He will be responsible for growing the team and business focused on financing activities for equipment lending, leasing, and structured...
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March 20, 2015, 07:59 AM
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CIT Group reported net income of $251 million for the fourth quarter of 2014, compared to net income of $130 million for the year-ago quarter. Income from continuing operations for the fourth quarter was $252 million compared to $123 million in the...
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January 27, 2015, 08:13 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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Citizens Financial Group named Marc Paulhus, Head of Asset Finance for Citizens Commercial Banking, as Citizens Bank Rhode Island President. Paulhus, a Rhode Island native with degrees from Providence College and the University of Rhode Island, has...
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November 19, 2014, 07:11 AM
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CIT Group Inc. announced that it served as Joint Lead Arranger in a $225 million senior secured credit facility for Clearlake Capital Group, a private investment firm, to acquire AmQuip Crane Rental , one of the largest lifting solutions businesses...
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November 18, 2014, 07:51 AM
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Capital markets activity continues to accelerate, as the likelihood of rising interest rates looms in the near future, which means now is the ideal time for borrowers to explore interest rate hedges. These insights and others are shared by Neil...
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November 13, 2014, 07:41 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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Middle market executives have a positive outlook for their businesses with nearly two-thirds (63%) indicating that their companies are better off today than last year, while 62% expect the size of their workforce to increase in the coming year. These...
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October 30, 2014, 07:24 AM
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CIT Group reported net income of $515 million for the third quarter of 2014, compared to net income of $200 million for the year-ago quarter. Income from continuing operations for the third quarter was $515 million compared to $193 million in the...
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October 28, 2014, 07:09 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 announced the launch of View from the Middle™ (VftM), its rebranded content marketing program that will offer business insights and trends, specific industry expertise and content of value to executives in companies of all sizes.Insights...
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September 24, 2014, 07:14 AM
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LiftForward, Inc. announced the hire of Christine Reilly as the LiftForward’s Chief Risk Officer. Reilly has more than thirty years of experience in the financial services industry including nearly six years as the President of CIT Group Inc.'s Small...
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September 19, 2014, 07:17 AM
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CIT Group Inc. provided a $25 million senior secured credit facility to the Transilwrap Company, a leading manufacturer, converter and distributor of plastic film used in printing, laminating, packaging and industrial applications, to acquire MetPro...
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August 14, 2014, 07:27 AM
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CIT Group announced that CIT Real Estate Finance provided a $60 million senior secured credit facility to a joint venture between Rockwood Capital and The Muller Company, two real estate investment firms. Financing was provided by CIT Bank, the U.S....
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August 07, 2014, 07:10 AM
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CIT Group Inc., today announced that it has entered into a definitive agreement and plan of merger with IMB Holdco LLC, the parent company of OneWest Bank N.A. (“OneWest Bank”), for $3.4 billion in cash and stock.OneWest Bank is a privately owned...
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July 22, 2014, 07:51 AM
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AloStar Business Credit announced that David Phillips has been promoted to Managing Director, Head of Originations. Phillips has been with AloStar since May 2011 and was an integral part of establishing the company which three years since inception...
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June 17, 2014, 07:58 AM
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Varagon is an independent firm, backed by American International Group, Inc. and by certain partners and affiliates of Oak Hill Capital Management (Oak Hill), and launches with an initial $1.5 billion investment commitment from AIG.For investors...
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June 12, 2014, 07:53 AM
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Keltic Financial Services is pleased to announce the appointment of David M. Weinstein to its credit team as senior vice president and senior underwriter.Weinstein joins Keltic with more than 25 years of experience after a very successful career. He...
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May 19, 2014, 07:33 AM
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CIT Group today reported net income of $109 million for the quarter ended March 31, 2014, compared to net income of $163 million for the first quarter of 2013. First quarter results were primarily impacted by lower levels of interest income, higher...
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April 29, 2014, 07:33 AM
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According to a Bloomberg article, CIT Group agreed to sell its student lending business to Nelnet Inc. for about $1.1 billion.Most of the proceeds will be used to repay debt secured by student loans, leading to a net gain in the second quarter, CIT...
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April 17, 2014, 06:53 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 Inc. announced that CIT Maritime Finance provided a $55 million senior secured credit facility to Tanker Solutions LLC, a joint venture between Prime Tanker Management and Castlelake, L.P. The facility supports the purchase of a fleet of...
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April 09, 2014, 07:35 AM
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CIT Group Inc. announced the pricing of a public offering of $1 billion aggregate principal amount of senior unsecured notes due 2019 (the “Notes”). The Notes priced at par and will bear interest at a per annum rate of 3.875%. The Notes will be...
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February 13, 2014, 07:02 AM
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Critical sectors of the U.S. economy should see continued or renewed strength in 2014, according to business leaders at CIT Group.Bob Bielinski, Managing Director, CIT Corporate Finance, Retail and Restaurants; Matthew Galligan, President, CIT Real...
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February 06, 2014, 07:24 AM
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Signature Bank, a New York-based full-service commercial bank, announced Frank Marsicano was named Vice President/Business Development Officer, joining Robert Love’s recently appointed asset-based lending team. Love, Senior Vice President and Group...
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February 05, 2014, 07:46 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 Ellen R. Alemany has been named to CIT’s Board of Directors effective immediately. She will serve as a member of CIT’s Audit Committee.Alemany is the former Head of The Royal Bank of Scotland (RBS) Americas, the...
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January 22, 2014, 07:27 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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Marquette Business Credit announced Michael Song has joined its team as a Senior Vice President within the Southwest Regional Office in Dallas, Texas. Song has 18 years of financial industry experiences that include eight years in public accounting...
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December 16, 2013, 07:43 AM
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CIT Group announced that CIT Corporate Finance served as Joint Lead Arranger in a $140 million senior secured credit facility for National Dentex (NDX), one of the largest dental lab services providers in the United States. NDX is a portfolio company...
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November 14, 2013, 08:09 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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Bloomberg reported that Fort Worth-based RadioShack, which is retooling its stores to try to reverse a sales slide, received commitments for $835 million in new financing. Bloomberg obtained this information from sources with knowledge of the matter....
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October 22, 2013, 07:42 AM
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CIT Group Inc. today reported net income of $200 million for the third quarter of 2013, compared to a net loss of $299 million for the third quarter of 2012. Net income for the nine month period ended September 30, 2013 was $546 million compared to a...
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October 22, 2013, 07:36 AM
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Middle-market executives, whose companies take in more than $6 trillion in revenues and employ more than 30 million people annually, are expressing renewed optimism in their business prospects compared to a year ago. However, despite this positive...
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October 09, 2013, 07:39 AM
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Triumph Commercial Finance, a member of the Triumph Bancorp, Inc. group and provider of asset-based lending, accounts receivable financing (factoring) and equipment finance solutions to small and mid-sized businesses nationwide, today announced the...
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September 26, 2013, 07:58 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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Southern Theatres announced that it has acquired Movie Tavern, a cinema eatery chain with 16 locations and 130 screens across seven states. The combined company is now among the ten largest exhibitors in the United States, and has 36 locations and...
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September 13, 2013, 07:36 AM
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Capital One Bank today announced the appointment of Joseph Nastri and Marcy Dean to its Middle Market lending team in New York. In his new role, Nastri will be responsible for managing lending and commercial banking services for the region’s middle...
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September 10, 2013, 07:16 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 Inc. reported net income of $184 million for the second quarter of 2013, compared to a net loss of $73 million for the second quarter of 2012. Net income for the six month period ended June 30, 2013 was $346 million, compared to a net loss...
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July 23, 2013, 07:52 AM
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CIT Group announced that it provided a $42 million senior secured loan to Garrison Investment Group, a leading middle market credit, asset-based and real estate investor located in New York City. The facility will be used to purchase seven community...
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July 09, 2013, 08:32 AM
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Porter Capital Corporation announced Steven R. Bellah has joined the company as Senior Vice President and National Sales Manager. Bellah has 20 -years plus of commercial finance, managerial and consulting experience. He has managed complex...
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June 19, 2013, 07:28 AM
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Bloomberg reported that John Thain, chief executive officer of CIT Group, discussed the outlook for the company and the U.S. financial industry while speaking on Bloomberg Television's "Market Makers".According to the Bloomberg report, Thain declined...
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June 13, 2013, 07:52 AM
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As it keeps pace with increasing demand in Illinois and throughout the Midwest, Wells Fargo announced that James K. Vargo – a business leader here for more than 25 years – has joined its growing Commercial Banking team in Chicago. In his new role as...
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May 22, 2013, 07:36 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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CIT Group has agreed to acquire a commercial loan portfolio from Flagstar Bank (FSB), a wholly-owned subsidiary of Flagstar Bancorp, Inc.
Under the terms of the agreement, CIT Bank, the U.S. commercial bank subsidiary of CIT, will acquire...
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January 03, 2013, 08:08 AM
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CIT Group arranged and syndicated a $125 million senior secured credit facility to UK-based A J Walter Aviation (AJW), a leading global aircraft spares specialist. Proceeds of the facility will be used to support spare parts acquisitions to service...
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December 19, 2012, 08:30 AM
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CIT Group reported a net loss for the quarter ended September 30, 2012 of $305 million compared to a net loss of $32.8 million for the third quarter of 2011. The current period includes charges of $471 million related to the redemption of $4.6...
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October 23, 2012, 09:00 AM
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While economic uncertainty at the national level is a top concern among middle market executives, many still believe that their companies are on solid ground. More than half (53%) say that their companies are stronger today than before the Great...
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September 27, 2012, 07:00 AM
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The Great Recession caused a shift in the way middle market companies think about funding. In CIT’s “U.S. Capital Markets Outlook,” Neil Wessan, Managing Director and Group Head of CIT Capital Markets, explains why finding the cheapest cost of funds...
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September 13, 2012, 07:00 AM
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CIT Group announced that it provided a senior secured credit facility to Odyssey Investment Partners, a leading middle-market private equity firm, to support its acquisition of L-com, Inc., a global designer and manufacturer of wired and wireless...
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September 05, 2012, 07:00 AM
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