CIT Serves as Lead Arranger on Senior Secured Credit

CIT Group Inc.Ā (NYSE:Ā CIT) today announced that itsĀ Asset-Based LendingĀ business, working in conjunction with itsĀ Sponsor FinanceĀ group, served as lead arranger on senior secured credit facility for von Drehle Corporation, a leading maker of high quality paper towel, tissue and dispensing products. von Drehle, headquartered inĀ Hickory, North Carolina, used the proceeds to refinance debt and for general corporate purposes. “The global pandemic has increased public understanding about the importance of cleaning and sanitation, and von Drehle has the...

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