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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West Marine and certain of its affiliates, the nation's leading omnichannel provider in the marine aftermarket, entered into a new $150 million credit facility from asset-based lender (ABL) Eclipse Business Capital. The transaction extends the...
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June 25, 2024, 08:02 AM
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Great Lakes Dredge & Dock Corporation, the largest provider of dredging services in the United States, entered into a $150,000,000 5-year, senior secured second-lien credit agreement with Guggenheim Credit Funding, LLC, on behalf of one or more...
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April 26, 2024, 07:58 AM
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Gordon Brothers is exclusively offering for sale by private treaty the Royal Falcon One superyacht. Royal Falcon One was built in 2019 and is the world’s only luxury catamaran superyacht created by Studio F.A. Porsche. The vessel is a generous...
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March 04, 2024, 07:26 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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MarineMax, the world’s largest recreational boat, yacht, and superyacht services company, announced the expansion of its floor plan facility from $750 million to $950 million, further increasing the Company’s liquidity and financial flexibility for...
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July 14, 2023, 07:31 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, arranged to provide Nordic Handysize IV AS, a subsidiary of Nordic Hamburg, $10 million to finance two dry bulk ships. Nordic Hamburg is a full-service ship owner and operator...
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June 27, 2023, 07:39 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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First Citizens Bank announced that its Maritime Finance group, part of the CIT division, served as sole lead arranger on $44.2 million in debt financing for Navios Maritime Partners L.P. ("Navios Partners"). Proceeds from the financing, which is...
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January 19, 2023, 07:50 AM
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CIT, a division of First Citizens Bank, announced that its Maritime Finance business has increased its financing for Globus Maritime Limited by $18 million. The lending increase expands CIT's relationship with Globus Maritime and raises CIT's total...
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August 26, 2022, 07:00 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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CIT Group's Maritime Finance business provided $35.5 million to finance four commercial shipping vessels operated by Greenyield Shipping LLC. Greenyield is managed by Hayfin Capital Management, one of Europe's leading alternative asset management...
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December 29, 2021, 08:08 AM
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CIT Group announced that its Maritime Finance business arranged to provide up to $58 million to refinance four container ships operated by Leonhardt & Blumberg.The financing includes both term loan and delayed draw components. Leonhardt & Blumberg is...
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November 09, 2021, 07:32 AM
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CIT Group Inc. announced its Maritime Finance business is providing $70 million in financing to Maritime Asset Partners for the refinancing of Sterling LLC. Maritime Asset Partners is a specialized finance platform focused on leasing, secured lending...
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November 02, 2021, 07:39 AM
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CIT Group Inc. announced its Maritime Finance business served as sole lead arranger on $26.5 million in senior secured financing on behalf of Queen Esther Shipping Limited.The loan is secured by the Queen Esther, a modern container ship operated by a...
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October 15, 2021, 07:55 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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CIT Group's Maritime Finance business served as sole lead arranger on a $22 million financing for a portfolio of five container ships.The financing was arranged on behalf of Madison Marine Corp., which is partially refinancing debt on five 4,000-TEU...
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May 11, 2021, 07:22 AM
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When a southeastern private equity company sought refinancing for one of their portfolio companies, they set sail towards Republic Business Credit due to a previous successful client experience. With the cyclical and large project nature of the...
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October 17, 2016, 07:34 AM
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Nearly 80 percent of marine industry participants expect sales to increase between five and ten percent this year, according to survey results released today by GE Capital, Commercial Distribution Finance (CDF). That’s up from 54 percent who expected...
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February 26, 2015, 07:33 AM
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