CIT serves as Sole Lead Arranger in AGC Composites & Aerostructures Financing

CIT Group, a global leader in transportation finance, announced that it provided a senior secured unitranche credit facility to AGC Composites & Aerostructures, a division of Oklahoma-based AGC Aerospace & Defense, for the acquisition of Paul Fabrications Ltd., in the U.K. AGC Composites & Aerostructures, a leading manufacturer of aircraft components, is a portfolio company of Acorn Growth Companies and The Edgewater Funds. CIT Aerospace & Defense Finance served as Sole Lead Arranger and Administrative Agent for the transaction. The deal was structured and facilitated by CIT Capital Securities, and the financing was provided by CIT Bank, the U.S. commercial bank subsidiary of CIT. Terms of the transaction were not disclosed.