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The financing will support a recapitalization of the company and expansion of Lighthouse’s U.K. operations, the company said.
CIT Group Communications and Technology Finance announced Aug. 3 that it has provided a $23 million senior secured line of credit to Lighthouse eDiscovery, a provider of e-discovery services.
The financing will support a recapitalization of the company and expansion of Lighthouse’s U.K. operations, the company said. Lighthouse is a portfolio company of New York-based private equity firm Spire Capital. Financing was provided by CIT Bank North America, the principal bank subsidiary of CIT. Terms of the transaction were not disclosed.
Read the complete article at E-Discovery Provider Lighthouse Obtains $23M Line of Credit