Cit arranges $714 million for thermal generation assets in california

New york , may 11, 2022 /prnewswire/ -- cit, a division of first citizens bank, today announced that its power and energy business served as coordinating lead arranger on $714 million in financing for a portfolio of thermal generation assets in california. the proceeds were used to refinance a 1.8-gigawatt portfolio owned by subsidiaries of the avenue capital group and managed by middle river power.
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