CIT Group organises $180 million funding for packaging solutions leader HCT Group

CIT Group organises $180 million funding for packaging solutions leader HCT Group

Global commercial lending and leasing service CIT Group has announced the arrangement of $180 million financing for beauty packaging solutions company HCT Group.

The finance was arranged through its Corporate Banking unit of its Commercial Finance business, and is set to be used for HCT Group to grow and expand.

Tim Thorpe, HCT Group Chief Executive Officer, said, “CIT was instrumental in pulling together the financing we need to accelerate our growth and expansion.
“We were pleased with CIT’s nimble and responsive leadership in finding creative solutions for our financing needs.”

Hillary Savoie, Managing Director and Group Head, Corporate Banking, said, “Our ability to understand HCT’s business and growth strategy enabled us to structure a solution that fully delivered on the company’s requirements.
“CIT is proud to have arranged the financing for a successful and dynamic company like HCT Group, an innovator and leader in health and beauty packaging industry.”

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