The European Syndicated Loan Group, based in London focuses on the purchase of senior secured bank loans in the primary and secondary markets. The business has two areas of expertise: par loans and distressed loans.
Who We Are
Our team of syndicated loan professionals are responsible for providing Private Equity clients with CIT’s full range of product capabilities, including financing and advisory related products.
What We Do
Our mission is to centralise CIT’s investments in par loan participations and establish a first-class distressed debt platform. We put our experience investing in bank debt to use in developing a highly profitable and well-diversified portfolio.
Our team has expertise in:
- Underwriting
- Workout
- Portfolio management
- Trading
- Sourcing
Par Loans
We invest in syndicated bank debt across all industries. This debt is used by borrowers for leveraged buyouts, acquisition financing and general corporate needs. Investments include first and second lien secured loans that are sourced in both the primary and secondary markets.
We invest in term loan tranches in the primary market and utilise the secondary market to add to positions, including purchasing deeply discounted revolving credit facilities.
Distressed Debt
We invest in first and second lien secured debt and other corporate obligations at a deep discount to par value. Our investments are sourced through broker/dealers, intermediaries and primary research. We invest in all industry sectors. The current distressed loan market has outstanding loans totalling greater than $6 billion. We take a proactive role in working with the management of distressed companies to maximise value for creditors.