Some PE-Backed Companies That Have Borrowed From CIT Name
Industry Technology
Sponsor Snow Phipps Group
Consumer products
Wind Point Partners
Gordmans Inc.
Retail
O'Brien Corp.
Manufacturing
United Recovery Systems LP American Internet Services
Financial services
Sun Capital Partners $65M senior secured credit facility Industrial Growth $36M senior secured Partners credit facility Audax Group Senior bank loans
Liberty Tire Services LLC
Automobiles & parts
Abeo Inc. Southern California Pizza Co.
Healthcare Restaurant
Sentinel Capital Partners
Vision Logistics
Energy
Keeley Holdings
Financial services
Welsh Carson Anderson & Stowe TA Associates
Hudson Group Consolidated Precision Products Corp. Anchor Drilling Fluids USA Inc. MedPlast
Retail
Advent International
$295M senior debt
Manufacturing
Arlington Capital Partners
Provided portion of $157M in debt
Energy
Castle Harlan
Healthcare
American Gilsonite Co.
Mining
Wyle Laboratories Inc.
Services
Baird Capital Partners Palladium Equity Partners Littlejohn & Co.
$20M in revolver and term loan financing $39M senior secured financing
Russell-Newman
Retail
Michael's Finer Meats and Seafoods Universal Ensco Inc. and Pegasus International Inc. W.C. Wood Group of Cos.
Consumer products
ITS Holdings Co. Hearthside Food Solutions
Technology
Energy Manufacturing
Since Jan. 1, 2008. Some companies may have already paid down debt, or no longer be owned by the same buyout firm. Source: LBO Wire
Seaport Capital, Viridian, DuPont Capital American Securities Capital Partners Parthenon Capital
Industrial Renaissance Inc. Sorenson Capital
Notes senior debt Financing includes $20M revolver and $95M 5-Yr term loan
Part of a $120M senior debt syndicate Arranged $29.3M senior secured credit facility Coordinated a $190M credit line Part of $150M in senior term loans
Co-arranged $230M debt senior debt
KRG Capital Partners Part of $225M senior credit facility Red Diamond Capital