The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
CIT Provides Up to $30.5MM Financing for Lomar Portfolio
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Lenders/Participants
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CIT Maritime Finance [Lead Arranger]
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Structure
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Credit Facility
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Amount
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$30.500
Million
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Borrower(s)
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Lomar Shipping
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Description
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The financing, which will be used to acquire Kamsarmax vessels, was arranged to support further diversification of Lomar's growing fleet. Lomar is the shipping subsidiary of the Libra Group, an international business group predominately focused on six key sectors whose subsidiaries own and operate assets in more than 50 countries.
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Industry
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Shipping
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| Related Tags |
CIT First Citizens, CIT Maritime Finance
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ABL Advisor
Deal Tables
2022
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