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In the Marketplace

BY ALM Staff
March 26, 2008

Thompson Coburn LLP announces that Marjorie Krumholz was appointed partner in charge of the firm's Washington, DC, office. She currently serves as vice-chair of the firm's Transportation practice. Ms. Krumholz's practice focuses on maritime and equipment finance, including leveraged leases and Title XI and Ex-Im Bank projects. She replaces David Straus, who held the position for the past eight years as the firm grew its presence in DC to nearly 30 attorneys.

CIT Group Inc. of New York has announced the establishment of a business referral relationship with Tokyo Leasing Co., Ltd,. a financial services company in Japan. Through this relationship CIT Vendor Finance is able to offer financing to its global vendor partners' customers in Japan as Tokyo Leasing will become CIT's preferred funding partner. In addition, the customer can access CIT and Tokyo Leasing for global vendor financing and structuring capabilities as they look to grow sales in Asia and around the world. Tokyo Leasing specializes in the leasing and installment sale of office and information equipment, industrial machine tools, medical technology as well as aircraft and vehicles.

In a separate announcement, CIT Group also announced a vendor financing agreement with Lennox Industries Inc., a subsidiary of Lennox International Inc. Under the terms of the agreement, CIT Vendor Finance will provide financing to commercial customers of Lennox's North American commercial contractors to upgrade their existing Heating Ventilation and Air Conditioning (HVAC) systems to Lennox's models.

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