CIT Group Related Content

CIT Agents Facility for Pritzker Acquisition of KabaFusion

CIT Group’s Healthcare Finance unit served as joint lead arranger and administrative agent on a first-lien credit facility to support for Pritzker Private Capital’s acquisition of KabaFusion, a provider of acute and specialty home infusion services. read more

CIT Northbridge Arranges $24MM Facility for Pocono ProFoods

CIT Northbridge Credit, through its investment advisor CIT Asset Management, served as sole lead arranger on a $24 million senior secured credit facility for Pocono ProFoods, a foodservice distributor in the Northeast and Middle Atlantic regions. read more

$82MM in Net Income for CIT in Q4/2018, $428MM for Full Year

CIT Group reported fourth quarter net income of $82 million or $0.78 per diluted common share, compared to a net loss available to common shareholders of $98 million or $0.74 per diluted common share for the year-ago quarter. read more

CIT Northbridge Arranges $53.8MM Circle 8 Crane Services Facility

CIT Northbridge Credit served as sole lead arranger on a $53.8 million senior secured credit facility for Circle 8 Crane Services. read more

CIT, Macquarie Provide $100MM Financing for CA Battery Storage Project

Macquarie Capital closed a $100 million debt financing of a battery-based energy storage project in Southern California. CIT Group was the lead investor joined by Rabobank and Sumitomo Mitsui Banking. read more

CIT Donates 1.5MM Meals for Holidays; Campaign Exceeded Goal by 50%

CIT Group will donate one and a half million meals this holiday season in partnership with Feeding America, exceeding the original goal of its One Million Meals campaign by 50%. read more

CIT Completes Financing for Three Medical Office Buildings in Tennessee

CIT Group announced that its Healthcare Finance business served as sole lead arranger of $21.4 million in senior secured credit facilities for Virtus Real Estate Capital. read more

CIT Names Rubino President of CIT Bank, Head of Commercial Banking

CIT Group announced that Robert Rubino was named president of CIT Bank and head of Commercial Banking, effective February 25. read more

HNA Aircraft Asset Sell Off Continues; Former CIT Business on the Block

Bloomberg reported that HNA Group has put CIT’s Commercial Air business up for sale after purchasing it for $10 billion in 2016. read more

CIT Launches Partnership with Feeding America to Donate a Million Meals

CIT Group announced a campaign in partnership with Feeding America inviting individuals to join in donating one million meals to people in need. read more

CIT Reveals New Brand Identity; Direct Capital Brand to be Retired

CIT Group revealed a simplified and refreshed brand identity aimed at presenting a more cohesive market presence following a multi-year transformation of the company. Direct Capital will become CIT. read more

CIT Names Managing Director to Lead Maritime Finance Business

CIT Group named Evan Cohen as managing director and group head for its Maritime Finance business. read more

CIT Names Whitston Chief Technology Officer

CIT Group announced that Alla Whitston joined as the chief technology officer reporting to Denise Menelly, executive vice president and head of technology and operations. read more

CIT Q3 EPS Beats Estimates; Commercial Finance, Business Capital Higher

CIT Group reported Q3/18 net income, excluding items, of $131 million or $1.15 EPS compared to $139 million or $1.02 EPS a year earlier. Analysts had expected EPS of $1.14. The bank noted Commercial Finance and Business Capital loans were up 7.2% and 9.8% Y/Y respectively. read more

CIT Arranges $15MM Maritime Loan for MRC Maritime Holdings

CIT’s 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 NY-City based investment fund manager. read more

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