FREE SUBSCRIPTION Includes: The Advisor Daily eBlast + Exclusive Content + Professional Network Membership: JOIN NOW LOGIN
Skip Navigation LinksHome / ...

Equipment Finance Advisor Search Results

News Stories (37 Results) - Marine

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... Read Story
January 09, 2020, 07:15 AM


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... Read Story
April 29, 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 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


Stonebriar Commercial Finance announced the closing of a $35 million vessel-secured mortgage to a limited recourse special purpose entity majority owned by a leading provider of marine transportation services. The vessel collateral securing the loan... Read Story
November 06, 2017, 07:25 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


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


 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


Stonebriar Commercial Finance announced it has provided a $40 million loan commitment to a Gulf Coast based supplier of marine transportation solutions to the inland and intra-coastal shipping industry. Proceeds of the loan will be used to finance... Read Story
October 27, 2015, 07:13 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


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... Read Story
August 14, 2015, 07:04 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


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


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 $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... Read Story
April 16, 2014, 07:05 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


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


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


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... Read Story
August 15, 2013, 06:41 AM


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... Read Story
August 08, 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


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


TCF Inventory Finance, Inc an indirect subsidiary of TCF Financial Corporation announced plans to further expand its floorplan finance offerings into the marine industry within the U.S. and Canada. Established in 2008, TCFIF's executive leadership... Read Story
January 13, 2012, 06:30 AM