CIT Extends $90m
New York–based CIT Group Inc. provided a $90 million revolving line of credit and term loan to Como Fred David Group, a maker of women’s apparel based in Montreal. Como Fred David will use the funds to facilitate a recapitalization of the company by GB Merchant Partners, the investment-management affiliate of Gordon Brothers Group, in partnership with Crystal Capital. Como Fred David’s principals will retain a significant ownership stake in the new company.
