First Citizens Bank today announced that CIT Northbridge Credit, as advised by CIT Asset Management LLC, has provided $45 million to refinance and upsize a secured credit facility for Tubular Synergy Group LP, a privately held sales, marketing and supply chain services distributor.

Founded in 2008 and headquartered in Dallas, Texas, Tubular Synergy Group provides casing, tubing, and line pipe products for the energy industry.

Unless you’re the most junior person in your work environment, everyone should mentor their less-experienced team members.  Helping them learn should be as natural an effort as holding the door for those entering a room behind you.  These efforts will create experienced individuals with broad-based perspectives on how to approach their responsibilities within the secured lending industry.  Leaders within SFNet member organizations generally agree there is a lack of “bench strength” in the secured lending industry.  Greater preponderance of mentoring would tie junior people more to their organizations and to the industry as a whole.