CIT Amends Independence Contract Drilling Facility

Independence Contract Drilling extended its existing credit facility with a syndicate of financial institutions led by CIT Finance by two years. A $65 million accordion feature was also added to the facility. read more

JUL 18, 2017 - 6:32 am

CIT Agents Independence Contract Drilling Downsize

Independence Contract Drilling amended its existing revolving credit facility with a lender group led by CIT as administrative agent. The aggregate amount of commitments was decreased from $155 million to $125 million. read more

OCT 26, 2015 - 12:37 pm