First Citizens Bank's Maritime Finance business provided a senior secured loan of $22 million to Euroseas Ltd. for the financing for a newbuild 2,800 TEU Eco containership. Formed in 2005, Euroseas is an owner and operator of container carrier...
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June 26, 2024, 07:30 AM
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Wintrust Receivables Finance (WRF) closed a new $7.5 million account receivable line of credit for a Midwest-based transportation broker that specializes in drayage. Drayage is the transport of goods by truck from a seaport, inland port, or...
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November 16, 2023, 07:47 AM
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Key Equipment Finance, a division of KeyBank and one of the largest bank-based financial services companies in the nation, served as the lead arranger of a group syndication providing $177.5 million in financing for Pasha Hawaii’s second Liquefied...
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July 20, 2023, 07:30 AM
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First Citizens Bank announced that its Maritime Finance business arranged up to $30 million for affiliates of MSea Capital to refinance MR product tankers. MSea Capital founded in 2012 is an international maritime investment and asset manager with...
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July 12, 2023, 07:45 AM
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First Citizens Bank's Maritime Finance group, part of the CIT division, has successfully completed the acquisition of $123 million of Greek shipping loans, sharply increasing the bank’s maritime financings for clients in Greece.The loan portfolio...
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June 21, 2023, 07:45 AM
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First Citizens Bank announced that its Maritime Finance group, part of the CIT division, provided financing to Purus Clean Energy, a subsidiary of Purus Marine, to support the acquisition of the MV Green Power, a 40,000 cbm ammonia carrier. Purus...
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March 03, 2023, 07:33 AM
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CIT, a division of First Citizens Bank, announced that its Maritime Finance business has recently increased its financing of Crowley, a leading global shipping and logistics company, to a total of $57 million as part of a larger credit facility. This...
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June 09, 2022, 07:30 AM
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CIT, a division of First Citizens Bank, announced that its Maritime Finance business served as sole lead arranger on up to $30.5 million in financing to expand Lomar Shipping's portfolio of dry bulk vessels. The financing, which will be used to...
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May 25, 2022, 07:44 AM
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CIT, a division of First Citizens Bank, announced that its Maritime Finance business has increased its financing for Polska Zegluga Morska Capital Group, also known as Polsteam Group, by $10 million via a secondary purchase. CIT Maritime's loan...
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May 06, 2022, 07:29 AM
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Stonebriar Commercial Finance closed a seven-year, $325 million term loan credit facility with Overseas Shipholding Group, Inc. (OSG), a leading provider of energy transportation services for crude oil and petroleum products in the Jones Act trade....
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October 25, 2021, 07:50 AM
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CIT Group's Maritime Finance business served as sole lead arranger on a $70 million senior secured credit facility for MPC Container Ships, a leading provider in the feeder container ship market segment. MPC Container Ships operates a fleet of 64...
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August 11, 2021, 07:42 AM
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CIT Group's Maritime Finance business is providing $42 million in financing for a portfolio of seven dry bulk vessels. Dynamic Bulk Holdings, a leading dry bulk shipping operator, will use the loan to refinance existing debt on its fleet of seven...
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June 25, 2021, 07:52 AM
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Global Ship Lease, Inc., a containership charter owner, announced that the company had entered into a $65.0 million credit facility with funds associated with Hayfin Capital Management and Breakwater Capital to fund the acquisition of additional...
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September 11, 2018, 07:00 AM
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Umpqua Bank, a subsidiary of Umpqua Holdings Corporation has provided $47.6 million in senior secured credit facilities to Bay Ship & Yacht Co., the largest vessel maintenance and repair company in Northern California. The financing will be used for...
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January 15, 2018, 07:25 AM
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Bankrupt shipping firm GulfMark Offshore, Inc. and GulfMark Rederi AS, a wholly-owned subsidiary of the company, entered into a commitment letter with DNB Markets, Inc., DNB Capital LLC and Hayfin DLF II Luxco 2 S.à.r.l. regarding the terms of the...
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October 04, 2017, 07:16 AM
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Santander Bank announced that its Corporate and Commercial Banking division has closed a $10 million senior secured revolving line of credit with OL International, an ocean and airfreight cargo transportation provider.Michael Grande, Senior Vice...
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April 11, 2017, 07:05 AM
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Genco Shipping & Trading Limited ("Genco" or the "Company") announced that – consistent with its previously disclosed Restructuring Support Agreement with certain of the lenders under its $1.1 billion secured credit facility entered into in 2007 (the...
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April 22, 2014, 07:19 AM
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