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News Stories (46 Results) - Marine

DLL will expand its offerings into the recreation and leisure lifestyle market in North America. This will include motorsport, marine, recreational vehicles and manufactured homes. DLL will provide floor planning lines of credit for... Read Story
October 30, 2019, 07:30 AM


Encina Equipment Finance announced it has provided a $5 million lease facility to a marine services company. The facility is being used to refinance an existing lease contract.Launched in June 2017, Encina Equipment Finance provides loans and leases... Read Story
March 08, 2019, 07:20 AM


Brian Trebels, CEO of Equipment Leasing Group of America, LLC (ELGA), announced details of the company's latest financing plan for yacht and marine vessel owners."The global recreational boat market is expected to be worth approximately $23 (billion)... Read Story
July 05, 2018, 06:55 AM


Stonebriar Commercial Finance announced the closing of SCFET 2018-1, a $578 million asset-backed securitization transaction. It marks the fourth equipment securitization transaction Stonebriar has closed in the last 24 months and its first to secure... Read Story
June 01, 2018, 07:30 AM


Jeffrey Gannon and Adrian Dunner, in partnership with investment vehicles managed by Wafra Inc., announced the formation of Global Container International LLC, a new marine container leasing platform with headquarters in Boston and with... Read Story
April 27, 2018, 07:25 AM


Stonebriar Commercial Finance announced the closing of a $10.7 million loan with Griffin Barge Line, LLC. The subject assets securing the loan are four (4) 31,000 barrel heated oil tank barges newly delivered and put into service in 2016. The loan is... Read Story
February 05, 2018, 07:19 AM


Key Equipment Finance announced that it has provided $53 million in financing for VanEnkevort Tug & Barge, Inc. (VTB)  for the acquisition of the newest tug barge in the Great Lakes through its marine finance group.  In addition, the firm’s capital... Read Story
June 30, 2017, 07:17 AM


PNC Bank, N.A., and its affiliate, PNC Equipment Finance, LLC, completed a $90 million multifaceted financing package for James Marine, Inc., a Kentucky-based provider of marine services serving the U.S. inland waterway industry. The financing pairs... Read Story
September 13, 2016, 07:11 AM


MarineMax, Inc., the nation’s largest recreational boat and yacht retailer, announced that it has expanded its financing facility to, among other things, provide for borrowings of up to $300 million from the previous limit of $260 million.The... Read Story
June 15, 2016, 07:14 AM


The American Society of Appraisers announces its Marine Survey course to be held on Thursday, October 27-Saturday, October 29, 2016 in Norfolk, VA.This course is designed for the nonmarine professional who wants basic knowledge of the industry and... Read Story
June 06, 2016, 07:00 AM


Stonebriar Commercial Finance announced it has provided a $15 million loan for the purchase of certain marine transportation assets. The loan represents the second made by SCF to a Gulf Coast based supplier of marine transportation solutions to the... Read Story
April 21, 2016, 07:00 AM


Stonebriar Commercial Finance ("SCF") announced that Jeff Griffin has joined the company as Vice President and Director of Rail Leasing, initiating SCF's origination efforts in the rail sector. Griffin joins SCF after spending the last 8 years with... Read Story
March 07, 2016, 07:11 AM


 MarineMax, the nation’s largest recreational boat retailer, announced that it has expanded its financing facility to provide for borrowings of up to $260 million from the previous limit of $235 million.The expanded facility has a three-year term... Read Story
November 06, 2015, 06:24 AM


Wintrust Commercial Finance (WCF) recently provided a $10.5 million term loan to a dredging services company with operations along U.S. coastal waterways and the major U.S. river systems. The transaction is secured by towboats, barges and dump scows... Read Story
October 22, 2015, 07:06 AM


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... Read Story
August 21, 2015, 06:46 AM


Commercial Distribution Finance (CDF), a division of GE Capital, announced that its joint inventory-financing venture with Brunswick Corporation,  Brunswick Acceptance Company (BAC), has been extended through 2019.BAC provides boat dealers with a... Read Story
August 07, 2015, 07:00 AM


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... Read Story
February 26, 2015, 07:00 AM


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... Read Story
January 15, 2015, 07:00 AM


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... Read Story
November 20, 2014, 07:01 AM


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... Read Story
November 04, 2014, 07:00 AM


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... Read Story
October 16, 2014, 06:45 AM


Bloomberg reported that liquefied natural gas will gain a “significant” market share in the transport sector by 2035, according to the International Center for Natural Gas Information.According to the Bloomberg report, demand from road transport... Read Story
September 29, 2014, 06:00 AM


GE Capital, Commercial Distribution Finance (CDF) announced it has significantly expanded its inventory financing program with MarineMax, the nation’s largest boat dealer, and extended its duration through 2017. The $235 million facility will allow... Read Story
September 18, 2014, 06:31 AM


GE Capital’s Commercial Distribution Finance (CDF) business sees positive trends in the Canadian motorsports and recreational vehicle (RV) industries through the first half of the year, while the marine industry is experiencing a slight slowdown... Read Story
September 02, 2014, 06:57 AM


After a slow start resulting from a harsh winter and cold spring, the recreational marine industry is experiencing accelerated growth, says GE Capital, Commercial Distribution Finance (CDF). Retail and wholesale sales are up versus a year ago in the... Read Story
August 15, 2014, 07:00 AM


Signature Bank announced that its specialty finance subsidiary, Signature Financial LLC, will begin offering direct finance services for both the franchise and commercial marine industries on a national basis. Signature Financial’s franchise business... Read Story
July 11, 2014, 07:00 AM


GE Capital's Commercial Distribution Finance (CDF) business announced it has extended its strategic floorplan financing agreement with Independent Boat Builders, Inc. (IBBI), a major boat manufacturer buying group, in the U.S. and Canada. The program... Read Story
June 03, 2014, 05:30 AM


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... Read Story
May 22, 2014, 06:00 AM


Wells Fargo Equipment Finance, through its Energy and Marine and Capital Markets Groups, acting in the capacity of lead arranger, closed a $209 million financing facility for Signet Maritime Corporation (Signet), a global marine transportation... Read Story
May 16, 2014, 06:45 AM


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... Read Story
April 09, 2014, 06:00 AM


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... Read Story
March 26, 2014, 06:15 AM


The Marine Retailers Association of the Americas (MRAA) announced that the MRAA Rewards Program and Priority One Financial Services of St. Petersburg, Fla., have expanded their existing relationship to now include financing for marina and boatyard... Read Story
March 24, 2014, 07:00 AM


More than half (54.7 percent) of marine industry participants expect sales to increase five percent to 10 percent this year, according to survey results released today by GE Capital, Commercial Distribution Finance (CDF). That’s up from the 43... Read Story
March 03, 2014, 06:15 AM


AIG Commercial Asset Finance (AIGCAF) and its affiliates have provided a $400 million loan for vessels owned and operated by Nautical Solutions, LLC, which is an operating unit of Edison Chouest Offshore (Chouest).  Proceeds from the loan were used... Read Story
November 19, 2013, 06:58 AM


Marine manufacturers and dealers are upbeat about their industry as the U.S. selling season comes to a close, according to GE Capital's Commercial Distribution Finance (CDF) business.The positive sentiment is expected to be reflected in the mood at... Read Story
November 15, 2013, 07:30 AM


GE Capital, Corporate Finance announced it provided $22.5 million in equipment financing to Laborde Marine. The funds refinance existing debt used to purchase five new crew boats. Founded in 1995 and headquartered in New Orleans, LA, Laborde Marine... Read Story
November 04, 2013, 06:45 AM


Key Equipment Finance has promoted Ronnie Evans to director of commercial marine finance. In this role, Evans will be based out of South Louisiana, and will be responsible for the growth and management of Key Equipment Finance’s growing marine... Read Story
October 22, 2013, 07:00 AM


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... Read Story
October 17, 2013, 07:00 AM


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... Read Story
October 03, 2013, 06:50 AM


KKR announced the formation of Maritime Finance Company (“Maritime Finance” or the “Company”), a new specialty finance company created to lend to the maritime industry. Led by former Helios Advisors partners Kristan Bodden and Gabriel Tolchinsky... Read Story
August 21, 2013, 06:14 AM


GE Capital’s Commercial Distribution Finance (CDF) business said it has seen positive trends in the Canadian marine, motorsports and recreational vehicle (RV) industries through the first half of the year. It expects favorable conditions to continue... Read Story
August 13, 2013, 06:50 AM


AIG Commercial Asset Finance (AIGCAF) and its affiliates announced that they have provided a $65 million senior secured term loan to Saltchuk Resources, Inc. (Saltchuk), a Seattle-based family of diversified transportation and petroleum distribution... Read Story
July 01, 2013, 07:00 AM


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... Read Story
May 30, 2013, 07:10 AM


GE Capital, Corporate Finance announced it provided $16 million in equipment financing to the Dutra Group, Inc.  The funds refinance existing debt used to support the company’s marine fleet.  Headquartered in San Rafael, CA, the Dutra Group focuses... Read Story
March 13, 2013, 07:10 AM


GE Capital's Commercial Distribution Finance (CDF) business announced today it has signed an enhanced strategic floorplan financing agreement with Independent Boat Builders, Inc. (IBBI), a major U.S. boat manufacturer buying group. The program covers... Read Story
January 09, 2013, 07:16 AM


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... Read Story
November 14, 2012, 07:19 AM