Key Equipment Finance, a division of KeyBank and one of the largest bank-based financial services companies in the nation, served as the lead arranger of a group syndication providing $177.5 million in financing for Pasha Hawaii’s second Liquefied...
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First Citizens Bank's 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 operator...
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Eagle Bulk Shipping, one of the world’s largest owner-operators within the midsize drybulk vessel segment, entered into an Amended and Restated Credit Agreement which provides for an increased borrowing capacity of $175 million, a reduction in margin...
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SR Alternative Credit, formerly Old Hill Partners, provided $10 million in the form of a senior secured one-year term loan to a company that acquires and leases standard 20- and 40-foot shipping containers, among other transportation equipment. This...
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October 21, 2022, 07:30 AM
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CIT, a division of First Citizens Bank, announced that 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...
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Gordon Brothers has acquired the Robyn S accommodation barge from Vanguard Shipping Limited.The firm is managing the disposition of Robyn S, which is available for immediate sale to the international marine, shipping and offshore markets.The barge...
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CIT, a division of First Citizens Bank, announced that its Maritime Finance business has recently increased its financing of Crowley, a leading global shipping and logistics company, to a total of $57 million as part of a larger credit facility. This...
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CIT, a division of First Citizens Bank, announced that 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...
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CIT Group's 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 leading alternative asset management...
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December 29, 2021, 08:08 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, 07:32 AM
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Stonebriar Commercial Finance closed a seven-year, $325 million term loan credit facility with Overseas Shipholding Group, Inc. (OSG), a leading provider of energy transportation services for crude oil and petroleum products in the Jones Act trade....
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October 25, 2021, 07:50 AM
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CIT Group's 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 fleet of 64...
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August 11, 2021, 07:42 AM
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CIT Group's 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 existing CIT client...
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January 19, 2021, 07:00 AM
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Diamond S Shipping Inc., announced that it has closed on a five-year $525 million credit facility, composed of a $375 million term loan and a $150 million revolving credit facility. Proceeds from the new credit facility were used to repay...
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December 30, 2019, 08:45 AM
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CIT Group Inc. (CIT) announced that its Maritime Finance business served as sole lead arranger on a $40 million senior secured credit facility for MPC Container Ships, a leading provider in the feeder container ship market segment.MPC Container Ships...
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Triton International Limited, the world’s largest lessor of intermodal freight containers, announced its wholly owned subsidiary, Triton Container International Limited (TCIL), entered into a $1 billion term loan facility led by PNC Capital Markets...
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December 05, 2018, 07:09 AM
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CIT Group Inc. announced that its Maritime Finance unit served as sole lead arranger on a $93.7 million senior secured credit facility for Tanker Solutions LLC, a shipping company managed by Prime Marine, a leading operator of international shipping...
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September 19, 2018, 08:20 AM
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Global Ship Lease, Inc., a containership charter owner, announced that the company had entered into a $65.0 million credit facility with funds associated with Hayfin Capital Management and Breakwater Capital to fund the acquisition of additional...
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September 11, 2018, 07:00 AM
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Transocean Ltd. announced that Transocean Inc. closed a $1 billion, five-year, senior secured revolving credit facility, with Transocean Ltd. and certain of its subsidiaries as guarantors thereunder. The new RCF includes an accordion feature that...
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Bankrupt shipping firm GulfMark Offshore, Inc. and GulfMark Rederi AS, a wholly-owned subsidiary of the company, entered into a commitment letter with DNB Markets, Inc., DNB Capital LLC and Hayfin DLF II Luxco 2 S.à.r.l. regarding the terms of the...
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October 04, 2017, 07:16 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, 07:12 AM
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SEA-Vista I LLC announced that it closed a new $300 million credit facility (the "Credit Facility") with a syndicate of lenders led by JPMorgan Chase. The Credit Facility is comprised of three tranches: (i) a $100 million revolving credit facility;...
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Overseas Shipholding Group, Inc. (“OSG” or the “Company”) announced that it has emerged from Chapter 11 as a newly reorganized company. OSG emerges with a strong balance sheet, focused strategy and solid customer base. "Today marks the start of a new...
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August 06, 2014, 07:40 AM
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Genco Shipping & Trading Limited ("Genco" or the "Company") announced that – consistent with its previously disclosed Restructuring Support Agreement with certain of the lenders under its $1.1 billion secured credit facility entered into in 2007 (the...
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