CIT Arranges $30MM Facility for Alliance Time

CIT Group’ s Northbridge Credit joint venture served as sole lead arranger on a $30 million revolving credit facility for Alliance Time Holdings. New York City-based Alliance Time is a data-driven global distributor of luxury brand watches serving both the e-commerce and wholesale markets. “This new credit facility provided by CIT Northbridge refinances a previous line of credit and provides Alliance with additional liquidity, growth capital and operational flexibility,” said Neal Legan, lead on CIT Northbridge.