First Citizens Bank announced 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, 07:15 AM
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CIT, a division of First Citizens Bank, announced 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, 07:15 AM
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CIT, a division of First Citizens Bank, announced its Maritime Finance business provided $80 million to refinance two Korean-built container ships operated by Seamax."As the container ship market remains strong and our charter exposure solid, we...
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July 13, 2022, 07:18 AM
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CIT, a division of First Citizens Bank, announced its Maritime Finance business has increased its financing of Crowley, a global shipping and logistics company, to a total of $57 million as part of a larger credit facility. This financing applies to...
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June 09, 2022, 07:15 AM
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CIT, a division of First Citizens Bank, announced 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 acquire...
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May 25, 2022, 07:16 AM
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CIT, a division of First Citizens Bank, announced 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 expands its...
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May 06, 2022, 07:15 AM
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CIT Group Inc. announced that its 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 alternative asset...
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December 29, 2021, 07:20 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, 07:20 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, 07:20 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, 07:20 AM
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CIT Group Inc. announced its 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...
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August 11, 2021, 07:20 AM
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CIT Group Inc. announced its Maritime Finance business is providing $42 million in financing for a portfolio of seven dry bulk vessels.Dynamic Bulk Holdings, a dry bulk shipping operator, will use the loan to refinance existing debt on its fleet of...
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June 25, 2021, 07:17 AM
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CIT Group Inc. announced its 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...
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May 11, 2021, 07:18 AM
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CIT Group Inc. announced its Maritime Finance business served as sole lead arranger on a $45 million financing for a portfolio of seven container ships.The financing was arranged on behalf of a fund managed by Mangrove Partners, a New York City-based...
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February 24, 2021, 07:18 AM
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CIT Group Inc. announced its Maritime Finance business served as sole lead arranger on a $56 million senior secured financing on behalf of Seamax Container Shipping II LLC.The loan is secured by four containerships operated by Seamax Shipping, an...
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January 19, 2021, 07:21 AM
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CIT Group Inc. announced that its Maritime Finance business served as sole lead arranger on a $70 million senior secured financing on behalf of International Container Company Holdings Limited.The loan is secured by three large container vessels...
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October 02, 2020, 07:17 AM
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CIT Group Inc. announced its Maritime Finance business, part of its Commercial Finance division, served as sole lead arranger on $28 million refinancing for Valloeby Shipping Ltd.
Valloeby, which is owned by a fund managed by a U.S. private equity...
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August 14, 2020, 07:25 AM
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CIT Group Inc. announced its Maritime Finance business led the arrangement of $56 million in financing toward the acquisition of two large commercial shipping tankers, which are employed on long-term charters.The financing is part of a transaction...
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January 09, 2020, 07:15 AM
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CIT Group Inc. announced its Maritime Finance business served as sole lead arranger on a $40 million senior secured credit facility for MPC Container Ships.MPC Container Ships operates a fleet of 69 vessels. Financing through its secured credit...
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April 29, 2019, 07:20 AM
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CIT Group Inc. announced its Maritime Finance unit served as sole lead arranger on a $15 million senior secured loan for MRC Maritime Holdings, a ship-owning entity controlled by a private New York City-based investment fund manager.The loan...
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October 11, 2018, 07:15 AM
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CIT Group announced that CIT Maritime Finance provided a $61 million senior secured credit facility to Advantage Tankers, LLC, a Marshall Islands-based holding company established to acquire an operating fleet of crude tankers. The facility supports...
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August 21, 2015, 06:46 AM
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CIT Group announced that CIT Maritime Finance provided a $32 million senior secured credit facility to Norstar Tankers Ltd. to acquire two long range (LR1) product tankers. Financing was provided by CIT Bank, N.A., the principal bank subsidiary of...
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August 14, 2015, 07:04 AM
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Although lingering effects of the slow global economic recovery can still be felt on the maritime industry, the sector continues to slowly improve. Bright spots include the increased demand for maritime transportation of crude oil, so much so that...
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January 15, 2015, 07:00 AM
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CIT Group announced that CIT Maritime Finance provided a $24.1 million senior secured credit facility to Blue Wall Shipping Limited, an investment holding company. The facility supports the purchase of dry bulk carriers in the Handysize and Supramax...
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November 20, 2014, 07:01 AM
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CIT Group announced that CIT Maritime Finance provided $64 million in senior secured credit facilities to Tanker Solutions III, LLC, a joint venture between Prime Tanker Management (Prime) and funds managed by Castlelake, L.P. The facilities support...
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November 04, 2014, 07:00 AM
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CIT Group Inc. announced that CIT Maritime Finance provided a $31.8 million senior secured credit facility to Epic Gas Ltd. to acquire two pressurized liquefied petroleum gas (LPG) tankers on the secondary market. Headquartered in Singapore, Epic Gas...
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October 16, 2014, 06:45 AM
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CIT Group Inc. announced that CIT Maritime Finance, with the assistance of RS Platou Finans, completed a $49 million financing through a bareboat charter arrangement with Grieg Shipping II AS, a subsidiary of the Grieg Star Group AS (Grieg Star), the...
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May 22, 2014, 06:00 AM
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CIT Group announced that CIT Maritime Finance provided a $95.2 million senior secured credit facility to Heron Ventures, a joint venture between Oceanbulk Shipping and ABY Group Holding. The facility supports the purchase of a fleet of 12 drybulk...
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April 16, 2014, 07:05 AM
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CIT Group announced that CIT Maritime Finance provided a $55 million senior secured credit facility to Tanker Solutions LLC, a joint venture between Prime Tanker Management and Castlelake, L.P. The facility supports the purchase of a fleet of four...
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April 09, 2014, 06:00 AM
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CIT Group announced that CIT Maritime Finance provided a $46.4 million senior secured credit facility to Epic Gas Ltd. (“Epic Gas”). Headquartered in Singapore, Epic Gas owns and operates a fleet of seaborne gas carriers to transport liquefied...
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March 26, 2014, 06:15 AM
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CIT Group announced that CIT Maritime Finance has entered into a Cooperation Agreement with RS Platou Finans AS that will help CIT Maritime Finance expand into the leasing market. “Through this agreement CIT Maritime Finance will have access to the...
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October 17, 2013, 07:00 AM
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CIT Group announced that CIT Maritime Finance provided a $83.7 million senior secured credit facility to PST Tankers LLC, to finance the acquisition of a fleet of eight product tankers managed by Product Shipping & Trading S.A., a company controlled...
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October 03, 2013, 06:50 AM
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CIT Group announced that CIT Maritime Finance provided a senior secured credit facility to Tanker Solutions, a joint venture between funds managed by TPG Credit Management and Prime Tanker Management. The financing supports the purchase of the M/T...
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August 15, 2013, 06:41 AM
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CIT Group Inc. announced that CIT Maritime Finance provided a $61.8 million senior secured credit facility to a portfolio company of Alterna Capital Partners, a private equity firm based in Wilton, CT, to finance the acquisition of three 50,000 DWT...
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August 08, 2013, 07:00 AM
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With less competition in the market and a high demand for refinancing, the perfect time to be in the maritime finance business is right now, according to Svein Engh, Group Head and Managing Director of CIT Maritime Finance at CIT Group. These issues...
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May 30, 2013, 07:10 AM
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CIT Group announced the launch of CIT Maritime Finance, which will originate and underwrite blue water vessel financing. In connection with this announcement, Svein Engh was appointed Managing Director and Group Head of the business and will report...
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November 14, 2012, 07:19 AM
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