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CIT Serves as Sole Lead Arranger in $68.5 Million Financing of a New Data Center Development at T5@Kings Mountain

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Dateline City:
NEW YORK & CHARLOTTE, N.C.
  • T5 Data Centers Is a National Data Center Provider Offering Server-Ready and Rapid Deployment Enterprise-Grade Data Centers
  • Financing Supports the Construction of a Cutting-Edge, Tier III Certified, Enterprise-Grade Data Center Near Charlotte, North Carolina

NEW YORK & CHARLOTTE, N.C.--(BUSINESS WIRE)--CIT Group Inc. (NYSE: CIT), cit.com, a leading provider of commercial lending and leasing services, today announced that CIT Communications & Technology Finance served as Sole Lead Arranger and Administrative Agent for a $68.5 million senior secured credit facility provided to T5@Kings Mountain VII, LLC, an affiliate of a joint venture of T5 Data Centers, LLC and Iron Point Partners, LLC.

Language:
English
Contact:

CIT MEDIA RELATIONS:
Matt Klein, 973-597-2020
Vice President, Media Relations
Matt.Klein@cit.com
or
CIT INVESTOR RELATIONS:
Barbara Callahan, 973-740-5058
Senior Vice President
Barbara.Callahan@cit.com

Ticker Slug:
Ticker:
CIT
Exchange:
NYSE
ISIN:
US1255811085

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