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CIT Provides Up to $30.5MM Financing for Lomar Portfolio
Wednesday, May 25, 2022

Lenders/Participants CIT Maritime Finance [Lead Arranger]
Structure Credit Facility
Amount $30.500 Million
Borrower(s) Lomar Shipping
Description 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.
Industry Shipping
Related Tags CIT First Citizens, CIT Maritime Finance