First Citizens Bank announced its 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...
Read Story
June 21, 2023, 07:18 AM
|
The Greenbrier Companies, Inc. (Greenbrier) announced the completed sale of its Gunderson Marine operations to Oregon Green Manufacturing, LLC (OGM). Gunderson Marine operates within a 58-acre industrial waterfront site in Portland, OR, which OGM has...
Read Story
May 17, 2023, 07:10 AM
|
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...
Read Story
June 09, 2022, 07:15 AM
|
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...
Read Story
May 25, 2022, 07:16 AM
|
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...
Read Story
December 29, 2021, 07:20 AM
|
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...
Read Story
November 09, 2021, 07:20 AM
|
CIT Group Inc. announced CIT Northbridge Credit, through its investment advisor CIT Asset Management LLC, served as collateral and administrative agent and lead lender on a $100 million senior secured credit facility for Hornbeck Offshore Services...
Read Story
July 31, 2019, 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
|