- CIT, a division of First Citizens Bank ( NASDAQ: FCNCA ) has announced that its Asset-Based Lending business provided $10M in financing to Blue Sky Specialty Pharmacy.
- The financing was arranged via a unique collaboration between First Citizens Middle Market Banking team and the Asset-Based Lending and Healthcare Finance businesses that First Citizens acquired in January through its merger with CIT.
- "This transaction is a great example of the how First Citizens' merger with CIT has created unique capabilities that enable us to support middle market clients with a whole range of new financial options to help their businesses grow." said said Brendan Chambers, managing director and group head.
For further details see:
First Citizens' CIT provides $10M to Blue Sky Specialty Pharmacy