CIT Group Related Content

CIT Wins Three Stevie American Business Awards

CIT Group won three Stevie American Business Awards for business excellence, including a Gold award for Achievement in Management – Banking, a Silver award for FinTech Solution and a Silver award for Corporate Social Responsibility Program of the Year. read more

CIT Tenders Offer to Purchase 2.969% Senior Unsecured Fixed-to-Floating Rate Notes

CIT Bank has commenced a cash tender offer to purchase its 2.969 % Senior Unsecured Fixed-to-Floating Rate Notes due 2025. read more

Lenovo Extends Financial Services Program with CIT, LBC Capital

Lenovo extended its relationships with CIT and LBC Capital. CIT will continue to provide vendor financing solution for U.S. clients of the Lenovo Financial Services program and LBC Capital will continue as the program’s exclusive lessor program in Canada until 2023. read more

CIT Leads $217MM Financing for Hillcrest Solar Project in Ohio

CIT Group’s Power and Energy unit served as lead arranger on a $217 million financing for the 200-megawatt Hillcrest solar photovoltaic project in Brown County, Ohio. read more

CIT Collaborates with Fintainium to Provide Fintech Payments Solution

CIT and Fintainium will provide an integrated payments and financial workflow management solution to meet the needs of small and mid-size businesses. read more

CIT Leads $325MM Financing for Telecommunications Infrastructure Provider

CIT Group served as joint lead arranger for a $325 million round of financing for Mobilitie, a telecommunications infrastructure provider. read more

CIT’s Financial Support Helps Designers Create Protective Masks

Financial support by CIT Group assists two California apparel makers create masks that help protect against COVID-19 transmission. read more

CIT Provides Financing for Healthcare Worker Masks

CIT Group provided financing for Aria Designs to procure millions of advanced N95 surgical masks that protect medical professionals battling the COVID-19 pandemic. read more

CIT Leads $93.7MM in Financings for Healthcare Venture

CIT Group’s Healthcare Finance unit served as the lead arranger of $93.7 million in combined financing for 19 healthcare facilities in California, Nevada and Washington. read more

CIT Upgrades B2B Point-of-Sale Lending Platform

CIT Group’s Small Business Solutions group has released a new version of its award-winning platform that will transform the process of selling equipment with financing to business customers. read more

CIT Group 2019 Net Income Up 18.6%, Revenue Down 3.6% Y/Y

CIT Group reported full-year 2019 net income of $530 million, up 18.6% from $447 million in 2018. 2019 net revenue was $1.848 billion, down 3.6% from $1.917 billion year over year. read more

CIT Leads $42.8MM Financing for True Green Capital NY Solar Portfolio

CIT Group’s Power and Energy unit served as sole lead arranger on a $42.8 million in debt financing to support NY Solar Farms, a 70-megawatt community solar portfolio. read more

CIT Leads Financing for Construction of Logistics Center Near JFK Airport

CIT Group served as administrative agent for an $87 million loan to finance construction of a new logistics warehouse and storage facility adjacent to John F. Kennedy International Airport in Queens, NY. read more

CIT Leads Financing for Clearway Solar Energy Portfolio

CIT Group’s Power and Energy unit arranged approximately $200 million in financing for a 76-megawatt portfolio of community solar projects in four states. read more

CIT Leads $56MM Financing for Commercial Shipping Vessels

CIT Group’s Maritime Finance business led the arrangement of $56 million in financing toward the acquisition of two large commercial shipping tankers. read more

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