CIT Northbridge Credit Provides $40 Million Credit Facility for Tronair
Ohio Pen/10223294

NEW YORK, May 18, 2023 ~ Today, First Citizens Bank announced that CIT Northbridge Credit, advised by CIT Asset Management LLC, has provided $40 million in financing for Tronair. Tronair is a leader in the manufacturing of ground support equipment, aftermarket replacement parts and services for the global aviation market.

Paul Schwarzbaum, CEO of Tronair said that demand for aerospace products and services is strong across their markets. He also expressed his appreciation for the expertise of the CIT Northbridge team in providing financing to support their customers.

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Neal Legan, who leads the team that advises CIT Northbridge said they were pleased to work closely with Tronair to understand their needs and provide this credit facility to support their business objectives.

CIT Northbridge Credit is a financial partner supporting middle-market companies with a broad range of flexible asset-based debt solutions. It provides revolving and term loan commitments from $15 million to $150 million to companies across various industries and business cycles.

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