FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
 
Skip Navigation LinksHome / Articles / Read Article

Print

CIT Serves as Sole Lead Arranger of $56MM Financing for Container Ships

Date: Jan 19, 2021 @ 07:00 AM
Filed Under: Shipping

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. Seamax currently operates a fleet of 12 modern containerships in major trade lines worldwide.

"We were impressed by CIT's agility and industry knowledge as we worked to secure financing for these core assets of our fleet," said Ron Petrunoff, Managing Partner, Seamax Capital Management LLC.

"We are pleased to again collaborate with Seamax to support their financing needs as their containerships continue to serve strong market demand," said Evan Cohen, managing director and group head for CIT's Maritime Finance business.

Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.