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Cit Serves As Lead Arranger Of $88 Million Financing For Texas Battery Energy Storage System

Cit Serves As Lead Arranger Of $88 Million Financing For Texas Battery Energy Storage System

07/20/22, 2:05 PM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/US.svgraleigh
Money raised
$88 million
Industry
lending and investments
financial services
CIT, a division of First Citizens Bank, today announced that its Power and Energy business arranged $88 million in financing for a 173-megawatt stand-alone merchant battery storage facility in Texas.

Company Info

Company
CIT
Location
raleigh, north carolina, united states
Additional Info
CIT is a leading national bank focused on empowering businesses and personal savers with the financial agility to navigate their goals. CIT Group Inc. (NYSE: CIT) is a financial holding company with over a century of experience and operates a principal bank subsidiary, CIT Bank, N.A. (Member FDIC, Equal Housing Lender). CIT's commercial banking segment includes commercial financing, community association banking, middle market banking, equipment and vendor financing, factoring, railcar financing, treasury and payments services, and capital markets and asset management. CIT's consumer banking segment includes a national direct bank and regional branch network. Discover more at cit.com/about.