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CIT Provides Acquisition Financing to Arlington Capital Partners.

Publication: Business Wire
Publication Date: 14-MAY-08
Format: Online
Delivery: Immediate Online Access

Article Excerpt
Serves as Co-Documentation Agent on a $157 Million Credit Facility

NEW YORK -- CIT Group Inc. (NYSE: CIT), a leading global commercial finance company, today announced that it provided financing to Arlington Capital Partners, a Washington, D.C.-based private equity firm, to acquire Consolidated Precision Products Corp. (CPP), a leading manufacturer of highly-engineered components and sub-assemblies for the military, defense and commercial aerospace markets.

CIT Bank provided a portion of the $157 million Senior Secured Credit Facility to Arlington Capital Partners, while CIT Leveraged Finance...

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