CIT Commercial & Industrial
CIT Commercial & Industrial is a trusted financial partner delivering a broad range of innovative, cost effective debt solutions to middle market companies in all stages of the business cycle.
CIT Commercial & Industrial will act as sole lender, a co-lender in club executions, and has the capital markets capability to underwrite and arrange larger transactions.
Our Commercial and Industrial Loan Solutions
Financial Solutions
- Working capital
- Acquisition financing
- Growth capital
- Management buyouts
- Debt refinancing
- Recapitalizations
- Turnarounds
- Restructurings
- Debtor-in-possession financing
- Confirmation plan financing
Services
Companies and private equity firms turn to CIT Commercial & Industrial for:
Asset-based loan financing
- Senior secured revolving and term debt based on asset valuations
- Revolving lines of credit based on valuation of inventory and receivables and term loans based on valuation of fixed assets (including machinery, equipment and real estate)
- May consider advances against intangible assets (trademarks, patents, licenses, royalties)
Cash flow financing
- Predominantly in connection with acquisition financing
- Senior secured debt, which is based on a multiple of EBITDA and understanding of cash flow drivers
- Reliance on a company’s operating performance, management strength and competitive position
Select stretch asset-based loans and hybrid structures
- Senior secured revolver and term financing with advances beyond traditional ABL advance rates
- Reliance on cash flow and traditional asset-based analytics
First out/Unitranche Structures
- On an asset-based or cash flow basis
Key Segments
- Manufacturers
- Restaurants
- Wholesalers and distributors
- Chemicals
- Select financial services
- Retailers
- Consumer products
- Metals
- Automotive
- Other heavy manufacturing
- Paper
- Plastics
