The Hockey Herald

via Edmonton Sun:

New Oilers owner Daryl Katz secured a $100-million loan to finalize his deal to buy the team.

New York-based CIT Group Inc. said Monday it had signed a $100-million loan to Katz.

“This transaction highlights CIT’s flexibility and capacity to guide its clients through the specifics of a cross-border NHL transaction,” CIT spokesman Gordon Saint-Denis said in a news release. “It further reinforces our position as a leader in sports financing as we continue to assist our clients with acquisitions and divestitures in the sports industry.”

“We are pleased that the CIT team was able to complete the transaction in a timely manner. Their strong relationship with the NHL certainly assisted in the process,” said Katz in a statement.

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