CIT Northbridge Provides $70 Million Credit Facility to Premier Packaging Company

NEW YORK, N.Y. — September 9, 2026 —CIT Northbridge today announced that it has provided a $70 million revolving line of credit to a U.S based packaging production company. The financing will be used to support the company’s working capital needs as it continues to deliver flexible packaging solutions for premier consumer brands.

"At CIT Northbridge, we are committed to providing flexible financial solutions to help companies grow and scale their business," said Neal Legan, Business Leader, CIT Northbridge. "We are excited to extend this financing and support the company as it continues to strengthen its market position and execute its long-term business objectives.”

CIT Northbridge is a trusted financial partner supporting middle-market companies with a broad range of flexible asset-based debt solutions. A joint venture advised by First Citizens Institutional Asset Management, it provides revolving and term loan commitments from $15 million to $150 million to companies across various industries and business cycles, and serves primarily as sole lender, agent, club participant or co-lender.

About CIT Northbridge
CIT Northbridge is a joint venture advised by First Citizens Institutional Asset Management. First Citizens Institutional Asset Management is an investment adviser registered with the U.S. Securities and Exchange Commission (SEC). Registration with the SEC does not in any way constitute an endorsement by the SEC of an investment adviser’s skill or expertise. Moreover, registration does not imply that a registered adviser has achieved a certain level of skill, competency, sophistication, expertise, or training in providing advisory services to its clients. First Citizens Institutional Asset Management is a wholly owned subsidiary of CIT Loan Corporation, which is in turn a wholly owned subsidiary of First Citizens Bank & Trust Company.

About First Citizens Bank
First Citizens Bank helps personal, business, commercial and wealth clients build financial strength that lasts. Headquartered in Raleigh, N.C., First Citizens has built a unique legacy of strength, stability and long-term thinking that has spanned generations. First Citizens offers an array of general banking services including a network of branches and offices nationwide; commercial banking expertise delivering best-in-class lending, leasing and other financial services coast to coast; innovation banking serving businesses at every stage; and a nationwide direct bank. Parent company First Citizens BancShares, Inc. (NASDAQ: FCNCA) is a top 20 U.S. financial institution with more than $225 billion in assets and a member of the Fortune 500™. Discover more at firstcitizens.com.

MEDIA RELATIONS:
Name: Katie Ellis
Email: katie.ellis@firstcitizens.com