CIT provides Sean John with credit facility - Trade Finance - March 2011

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CIT provides Sean John with credit facility

04 March 2011

CIT Trade Finance has provided Sean John with a credit facility to grow its domestic and international licences.

Read more: CIT CIT Trade finance Sean John apparel

CIT Group has provided a senior secured credit facility to apparel company Christian Casey LLC, DBA Sean John. The funds will be used for working capital and to support growth of its domestic and international licenses.

Financing for the deal was completed by CIT...

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There is a lot more financing activity coming from the trading companies, mining groups, and multinational corporations that have excess liquidity at their disposal. In many cases they are sitting on cash given high commodity prices, and can still attract banks loans – borrowing base facilities and revolvers continue to be renewed. This allows them to get more involved in direct trade financing on a prepayment or transactional basis. Essentially this is supply chain financing and their treasuries have become a lot more sophisticated.

News sources of trade liqudity find their place - March 2012

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