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 27, 2024, 07:12 AM
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First Citizens Bank announced its 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...
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June 27, 2023, 07:07 AM
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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...
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June 21, 2023, 07:18 AM
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First Citizens Bank announced 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 Marine...
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March 03, 2023, 07:10 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 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 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 $34.25 million financing for a portfolio of six dry bulk vessels.The financing was arranged on behalf of Globus Maritime Limited, an integrated dry bulk shipping...
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May 13, 2021, 07:11 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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