CIT Leads $204M Debt for PE-backed Ernest Health

CIT Group Inc. has led a $204 million credit facility to support refinancing of Ernest Health, the firm announced Friday. Ernest Health, which is backed by private equity firm Ferrer Freeman & Co., is a provider of post-acute care services. CIT Healthcare served as sole bookrunner, joint lead arranger and administrative agent on the $150 million first lien debt, and as sole bookrunner and lead arranger on the $54 million second lien debt, the firm said in a written statement. Other terms of the deal were not disclosed.

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