CIT Group Inc. (NYSE: CIT) cit.com, a leading provider of financing and advisory services to small businesses and middle market companies, today announced that it arranged a $160 million senior secured credit facility for The Jordan Company, a middle market private equity firm, to support its acquisition of Transilwrap Company, Inc., a leading manufacturer, converter and distributor of plastic film used in printing, laminating, packaging and industrial applications.

CIT Corporate Finance served as Lead Arranger and Administrative Agent for the transaction. Financing was provided by CIT Bank, the U.S. commercial bank subsidiary of CIT. Terms of the transaction were not disclosed.

"CIT is pleased to continue our long standing relationship with Transilwrap, having agented the prior private equity buyout completed in September 2007," said Tom Hobbis, Co-Head and Managing Director of CIT Sponsor Finance. "This deal highlights our specialized industry expertise and our ability to put our knowledge to work for our clients. We are proud to serve as a finance partner to The Jordan Company and look forward to further building our relationship."

Mike Denvir, Senior Partner of The Jordan Company, said, "We are excited to participate in Transilwrap's continued growth and to help Andy Brewer and the Transilwrap management team execute on their strategic plan for the Company's future. Transilwrap's broad portfolio of capabilities, strong market positions and deep management team make it an ideal platform in an attractive and growing industry. In addition to its specialized industry knowledge, CIT was selected to lead the financing of this transaction because of its longstanding relationship with Transilwrap and The Jordan Company, its expertise in underwriting and syndicating senior loans in the U.S. and its ability to close deals quickly and efficiently."

Andy Brewer, President and CEO of Transilwrap, said, "Over the past several years, Transilwrap has continued to grow its leadership position through innovation, new market expansion and key company acquisitions resulting in record growth. We believe The Jordan Company is an ideal equity partner that is aligned with our strategy, and brings extensive financial and operational resources that will support our growth through market expansion, new product development, and strategic acquisitions. Transilwrap's long standing relationship with CIT helped facilitate the smooth and efficient closing of this transaction."

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About Transilwrap

Transilwrap Company Inc., is North America's premier value-added converter of specialty film products, customizing plastic film structures to provide customers with film materials that fit their needs. Transilwrap provides specialized manufacturing and converting services including liquid and extrusion coating, select sheet extrusion, and a wide-range of precision converting including slitting, sheeting, magnetic striping, security and specialty printing. Transilwrap serves a diverse customer base for a wide range of end markets including Display Advertising & Print Media, Packaging, Security ID, Office Products, Healthcare and Solar. Transilwrap is headquartered in Franklin Park, IL and operates eight manufacturing facilities and nine distribution centers throughout North America. transilwrap.com

About The Jordan Company

The Jordan Company, founded in 1982, is a middle-market private equity firm with over $6 billion of committed capital assets under management and a 30-year track record of investing in and contributing to the growth of many businesses across a wide range of industries. The senior investment team has been investing together for over 20 years and they are supported by the Operations Management Group, which was established in 1988 to initiate and support operational improvements in portfolio companies. Headquartered in New York, The Jordan Company also has offices in Chicago and Shanghai. thejordancompany.com

About CIT Corporate Finance

Corporate Finance provides lending, leasing and other financial and advisory services to the middle market with a focus on specific industries, including: Aerospace & Defense, Business Services, Commercial Real Estate, Communications, Energy, Entertainment, Gaming, Healthcare, Industrials, Information Services & Technology, Restaurants, Retail, and Sports & Media. cit.com/corporatefinance

About CIT

Founded in 1908, CIT (NYSE: CIT) is a financial holding company with more than $35 billion in financing and leasing assets. It provides financing, leasing and advisory services to its clients and their customers across more than 30 industries. CIT maintains leadership positions in middle market lending, factoring, retail and equipment finance, as well as aerospace, equipment and rail leasing. CIT operates CIT Bank (Member FDIC), its primary bank subsidiary, which, through its Internet bank BankOnCIT.com, offers a suite of savings options designed to help customers achieve a range of financial goals. cit.com

About CIT Bank

Founded in 2000, CIT Bank (Member FDIC, Equal Housing Lender) is the U.S. commercial bank subsidiary of CIT Group Inc. (NYSE: CIT). It provides lending and leasing to the small business, middle market and transportation sectors. Through its Internet bank, BankOnCIT.com, CIT Bank offers a suite of savings options designed to help customers achieve a range of financial goals. As of December 31, 2013, it had more than $12 billion of deposits and over $16 billion of assets. cit.com/CITBank

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