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For more than 30 years, Cabling Installation & Maintenance has provided useful, practical information to professionals responsible for the specification, design, installation and management of structured cabling systems serving enterprise, data center and other environments. These professionals are challenged to stay informed of constantly evolving standards, system-design and installation approaches, product and system capabilities, technologies, as well as applications that rely on high-performance structured cabling systems. Our editors synthesize these complex issues into multiple information products. This portfolio of information products provides concrete detail that improves the efficiency of day-to-day operations, and equips cabling professionals with the perspective that enables strategic planning for networks’ optimum long-term performance.

Throughout our annual magazine, weekly email newsletters and 24/7/365 website, Cabling Installation & Maintenance digs into the essential topics our audience focuses on.

  • Design, Installation and Testing: We explain the bottom-up design of cabling systems, from case histories of actual projects to solutions for specific problems or aspects of the design process. We also look at specific installations using a case-history approach to highlight challenging problems, solutions and unique features. Additionally, we examine evolving test-and-measurement technologies and techniques designed to address the standards-governed and practical-use performance requirements of cabling systems.
  • Technology: We evaluate product innovations and technology trends as they impact a particular product class through interviews with manufacturers, installers and users, as well as contributed articles from subject-matter experts.
  • Data Center: Cabling Installation & Maintenance takes an in-depth look at design and installation workmanship issues as well as the unique technology being deployed specifically for data centers.
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CIT Serves as Coordinating Lead Arranger on $71.4 Million Financing for Howard County, Maryland Solar Portfolio

By: 3BL Media

SOURCE: CIT

DESCRIPTION:

NEW YORK, March 7, 2022 /3BL Media/ - CIT, a division of First Citizens Bank, recently announced that its Power and Energy business served as coordinating lead arranger on a $71.4 million in financing for a portfolio of solar projects.

The borrower, Arches Solar LLC, a subsidiary of CleanCapital, owns a portfolio of distributed generation solar projects being developed in Howard County, Maryland. Electricity generated by the projects is fully contracted under a master purchase power agreement—the largest such agreement signed to date in the state.

CleanCapital is well known in the industry for accelerating investment in distributed solar and energy storage. Since its founding in 2015, the company has deployed more than $800 million into more than 200 projects, becoming one of the leading owner-operators of commercial solar and energy storage assets in the U.S.

"We are delighted to support the municipality of Howard County, Maryland, in its efforts to supply clean solar electricity to its buildings and facilities," said Melinda Baglio, Chief Investment Officer and General Counsel at CleanCapital. "We appreciated CIT's agility and expertise in serving as coordinating lead arranger for this financing."

"We are pleased to work again with CleanCapital, an industry leader in solar and energy storage," said Mike Lorusso, managing director and group head for CIT's Power and Energy business. "This transaction is another example of our market-leading position in arranging financing for renewable power assets."

CIT consistently ranks among the nation's top lenders for renewable energy projects, as reported by market research firm Inframation, an Acuris company.

Power and Energy, part of CIT's Commercial Finance division, leverages its deep industry knowledge and expertise to offer comprehensive financing solutions for renewable and conventional power generation. The unit manages a large, diverse portfolio that includes investments in all asset classes across the energy sector.

About CIT
CIT is a division of First Citizens Bank, the largest family-controlled bank in the United States, continuing a unique legacy of strength, stability and long-term thinking that has spanned generations. Parent company, First Citizens BancShares, Inc. (NASDAQ: FCNCA) is a top 20 U.S. financial institution with more than $100 billion in assets. The company's commercial banking segment brings a wide array of best-in-class lending, leasing and banking services to middle-market companies and small businesses from coast to coast. First Citizens also operates a nationwide direct bank and a network of more than 600 branches in 22 states, many in high-growth markets. Industry specialists bring a depth of expertise that helps businesses and individuals meet their specific goals at every stage of their financial journey. Discover more at cit.com/firstcitizens.

MEDIA RELATIONS:
John M. Moran
212-461-5507
John.Moran2@firstcitizens.com

SOURCE CIT, a division of First Citizens Bank

Tweet me: .@CITgroup serves as coordinating lead arranger on $71.4 million financing for Howard County, MD #solar portfolio. https://bit.ly/3Bu1Alf

KEYWORDS: NYSE: CIT, CIT, Solar

Howard County Courthouse aerial photo

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