Ralston Joins CIT as Director in Lender Finance Business

CIT Group named Chris Ralston a director in the Lender Finance business within CIT’s Business Capital division. read more

SEP 21, 2018 - 7:20 am

CIT Healthcare Provides $144MM in Facilities to Bristol Hospice

CIT Healthcare Finance served as administrative agent and sole lead arranger on a $115 million first lien credit facility and as sole lead arranger on a $29 million second lien facility for Bristol Hospice. read more

SEP 14, 2018 - 7:15 am

CIT Arranges $25MM Credit Facility for Neutral Connect Networks

CIT Group's Communications & Technology Finance unit served as sole lead arranger for a $25 million senior secured credit facility to Neutral Connect Networks. read more

SEP 11, 2018 - 6:45 am

CIT Names Chief Underwriting Officer for Commercial Finance

CIT Group named Christopher M. McLaughlin chief underwriting officer for the company’s Commercial Finance division. read more

AUG 29, 2018 - 6:55 am

CIT Announces Redemption of Approximately $500MM of Unsecured Debt

CIT Group has given notice of its intention to redeem on Sept. 20, 2018 all of its outstanding 3.875% senior unsecured notes due February 2019. read more

AUG 20, 2018 - 6:38 am

CIT Announces Pricing Of $500MM of Senior Unsecured Notes

CIT Group priced a public offering of $500 million aggregate principal amount of senior unsecured notes due 2024. read more

AUG 15, 2018 - 6:37 am

Bloomberg: HNA Looking at Avolon Aircraft Leasing Options

Bloomberg reported the HNA Group is considering options for its Avolon Holdings aircraft leasing business. HNA acquired Avolon in 2016 and expanded its aircraft fleet via the acquisition of CIT’s aircraft leasing business in 2017. read more

AUG 3, 2018 - 6:50 am

CIT Names Managing Director to Lead Supply Chain Finance Unit

CIT Group named Joerg Obermueller managing director of the Supply Chain Finance business within its Commercial Services division. read more

JUL 31, 2018 - 6:48 am

CIT Q2 Earnings Higher, Notes ‘Strong Growth’ in Equipment Finance

CIT Group reported income from continuing operations for Q2/18 was $138 million, up from $41 million a year earlier. CIT noted "strong growth in funded volume in each of the equipment finance businesses." read more

JUL 24, 2018 - 7:37 am

CIT Creates Logistics Finance Unit, Fosina to Lead

CIT Group is creating a new Logistics Finance unit within its Capital Equipment Finance business to deliver expanded leasing and financing solutions to all stages of the supply chain. read more

JUL 20, 2018 - 6:26 am

CIT Northbridge Arranges $17MM Credit Facility for Walker Zanger

CIT Group’s joint venture financing unit CIT Northbridge Credit served as sole lead arranger on a $17 million senior secured revolving and term loan credit facility for Walker Zanger. read more

JUL 19, 2018 - 1:52 pm

CIT Integrates FlexAbility Solution with ECi’s E-Automate Software

CIT Group announced the integration of its FlexAbility solution with ECi's e-automate software product. read more

JUL 19, 2018 - 6:48 am

CIT Supports Innergex Solar Energy Project

Innergex Renewable Energy acquired a sizable 250MWAC/315 MWDC photovoltaic solar project located in Winkler County, TX from Longroad Energy Partners. read more

JUL 5, 2018 - 7:11 am

CIT Adds Cha to Communications & Technology Finance Team

CIT Group added Jason Cha to its Communications & Technology Finance team in its Commercial Finance division. Cha began his career with the Leveraged Finance group at Lehman Brothers/Barclays Capital. read more

JUN 29, 2018 - 6:24 am

CIT Study Details Optimistic View in the Middle Market

A CIT study found a large majority of middle market executives plan to invest in their business in 2018, primarily in technology, equipment and new personnel. read more

JUN 28, 2018 - 7:10 am