CIT Northbridge Credit Serves as Sole Lead Arranger on Senior Secured Credit Facility for Arizona Nutritional Supplements
Summary
NEW YORK, Nov. 16, 2020 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) that CIT Northbridge Credit, as advised by CIT Asset Management LLC, served as sole lead arranger on a senior secured credit facility for Arizona Nutritional Supplements LLC, a portfolio company of Endeavour Capital.Arizona Nutritional Supplements, founded in 1996 and headquartered in Chandler, Arizona, is a leading contract and private label manufacturer of vitamins, minerals and supplements in a range of sizes and formats, including tablets, capsules, soft gels and powders. "We greatly appreciated the expertise and agility of the CIT Northbridge team in arranging this financing that will enable us to continue our growth and achieve our business goals. "We were pleased to work with the companys leadership to understand their needs and arrange this asset-based financing that supports their business strategy. "CIT Northbridge Credit is a trusted financial partner supporting middle-market companies with a broad range of flexible asset-based debt solutions. A joint venture advised by CIT Asset Management, it provides revolving and term loan commitments from $15 million to $150 million to companies across various industries and business cycles, and serves primarily as sole lender, agent, club participant or co-lender.About CIT CIT is a leading national bank focused on empowering businesses and personal savers with the financial agility to navigate their goals.