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News Stories (11 Results) - Shipping

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... Read Story

December 30, 2019, 08:45 AM

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... Read Story

April 29, 2019, 09:05 AM

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... Read Story

December 05, 2018, 07:09 AM

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... Read Story

September 19, 2018, 08:20 AM

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... Read Story

September 11, 2018, 07:00 AM

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... Read Story

June 28, 2018, 07:12 AM

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... Read Story

October 04, 2017, 07:16 AM

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... Read Story

August 14, 2015, 07:12 AM

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;... Read Story

April 21, 2015, 06:49 AM

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... Read Story

August 06, 2014, 07:40 AM

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... Read Story

April 22, 2014, 07:19 AM