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

ABL Advisor Search Results

News Stories (28 Results) - Marine

MarineMax, Inc., the nation’s largest recreational boat and yacht retailer, announced that it has amended its $440 million credit facility, which provides MarineMax with greater financial capacity by increasing its liquidity and extending the term.... Read Story

May 22, 2020, 08:00 AM

CIT Group Inc. announced its Maritime Finance business led the arrangement of $56 million in financing toward the acquisition of two large commercial shipping tankers, which are employed on long-term charters.The financing is part of a transaction... Read Story

January 09, 2020, 09:05 AM

Sterling National Bank's Asset Based Lending Group provided senior secured credit facilities totaling $15,500,000 to Wing Inflatables, Inc. The credit facilities provide financing for a strategic acquisition and will provide working capital for the... Read Story

August 07, 2019, 08:57 AM

CIT Group Inc. announced CIT Northbridge Credit, through its investment advisor CIT Asset Management LLC, served as collateral and administrative agent and lead lender on a $100 million senior secured credit facility for Hornbeck Offshore Services... Read Story

July 31, 2019, 08:55 AM

CIT Group Inc. announced that its Maritime Finance unit served as sole lead arranger on a $15 million senior secured loan for MRC Maritime Holdings, a ship-owning entity controlled by a private New York City-based investment fund manager.The loan... Read Story

October 11, 2018, 07:03 AM

Umpqua Bank, a subsidiary of Umpqua Holdings Corporation has provided $47.6 million in senior secured credit facilities to Bay Ship & Yacht Co., the largest vessel maintenance and repair company in Northern California. The financing will be used for... Read Story

January 15, 2018, 07:25 AM

When a southeastern private equity company sought refinancing for one of their portfolio companies, they set sail towards Republic Business Credit due to a previous successful client experience. With the cyclical and large project nature of the... Read Story

October 17, 2016, 07:34 AM

PNC Bank, N.A., and its affiliate, PNC Equipment Finance, LLC, completed a $90 million multifaceted financing package for James Marine, Inc., a Kentucky-based provider of marine services serving the U.S. inland waterway industry. The financing pairs... Read Story

September 13, 2016, 07:30 AM

Leading global oil and shipping group, Monjasa, welcomes French international bank Société Générale S.A. as new financial partner and reveals a newly established credit facility of $80 million.Within the last year, Monjasa has expanded beyond... Read Story

August 24, 2016, 07:07 AM

CIT Group announced that CIT Maritime Finance provided a $40 million senior secured credit facility to Valløby Shipping Ltd. to acquire a fleet of chemical tankers. Valløby is a newly established ship-owner backed by a private equity fund. Financing... Read Story

December 08, 2015, 07:19 AM

Gener8 Maritime, Inc., a leading U.S.-based provider of international seaborne crude oil transportation services, announced that it has entered into a senior secured credit facility for up to $259.6 million of debt financing for its Chinese VLCC... Read Story

December 07, 2015, 07:52 AM

CIT Group announced that CIT Maritime Finance served as sole lead arranger and administrative agent in a $150 million senior secured credit facility to American Shipping Company ASA (AMSC). The facility will be used to refinance Overseas Martinez and... Read Story

December 01, 2015, 08:34 AM

Gener8 Maritime, Inc., a U.S.-based provider of international seaborne crude oil transportation services, announced that it has entered into a senior secured credit facility for up to $963.7 million of debt financing for its VLCC newbuilding program... Read Story

September 10, 2015, 07:06 AM

CIT Group Inc. announced that CIT Maritime Finance provided a $61 million senior secured credit facility to Advantage Tankers, LLC, a Marshall Islands-based holding company established to acquire an operating fleet of crude tankers. The facility... Read Story

August 21, 2015, 07:44 AM

Commercial Distribution Finance (CDF), a division of GE Capital, announced today that its joint inventory-financing venture with Brunswick Corporation, Brunswick Acceptance Company (BAC), has been extended through 2019.BAC provides boat dealers with... Read Story

August 07, 2015, 07:23 AM

Diana Shipping Inc., a global shipping company specializing in the ownership of dry bulk vessels, announced that on July 22, 2015, it signed a five year term loan facility with BNP Paribas for up to U.S.$165 million. On July 24, 2015, it completed a... Read Story

July 28, 2015, 07:23 AM

Amerisource Business Capital, the asset-based lending division of Amerisource, announced the closing and funding of a $500,000 line of credit for a marine cargo handling company in Texas.  Proceeds of the facility were used to refinance a smaller... Read Story

May 28, 2015, 07:18 AM

Nearly 80 percent of marine industry participants expect sales to increase between five and ten percent this year, according to survey results released today by GE Capital, Commercial Distribution Finance (CDF). That’s up from 54 percent who expected... Read Story

February 26, 2015, 07:33 AM

CIT Group Inc. announced that CIT Maritime Finance provided a $24.1 million senior secured credit facility to Blue Wall Shipping Limited, an investment holding company. The facility supports the purchase of dry bulk carriers in the Handysize and... Read Story

November 20, 2014, 07:31 AM

CIT Group announced that CIT Maritime Finance provided $64 million in senior secured credit facilities to Tanker Solutions III, LLC, a joint venture between Prime Tanker Management (Prime) and funds managed by Castlelake, L.P. The facilities support... Read Story

November 04, 2014, 07:14 AM

GE Capital, Commercial Distribution Finance (CDF) announced it has significantly expanded its inventory financing program with MarineMax, the nation’s largest boat dealer, and extended its duration through 2017. The $235 million facility will allow... Read Story

September 18, 2014, 06:11 AM

Ardmore Shipping Corporation announced that it has signed a loan agreement for a new $39 million credit facility with Credit Agricole CIB.The proceeds from the new facility will be used to finance up to 65% of the purchase price of two vessels on... Read Story

May 27, 2014, 07:19 AM

CIT Group Inc. announced that CIT Maritime Finance provided a $55 million senior secured credit facility to Tanker Solutions LLC, a joint venture between Prime Tanker Management and Castlelake, L.P. The facility supports the purchase of a fleet of... Read Story

April 09, 2014, 07:35 AM

CIT Group announced that CIT Maritime Finance provided a $46.4 million senior secured credit facility to Epic Gas Ltd. (“Epic Gas”). Headquartered in Singapore, Epic Gas owns and operates a fleet of seaborne gas carriers to transport liquefied... Read Story

March 26, 2014, 07:23 AM

GE Capital, Corporate Finance is serving as administrative agent on $285 million of senior secured revolving and term credit facilities to Harley Marine Services, Inc.  The credit facilities will recapitalize the company and provide additional funds... Read Story

January 08, 2014, 07:53 AM

PNC Bank, N.A., a member of The PNC Financial Services Group, Inc. announced the closing of a $50 million asset-based revolver for Bunkers International Corporation. Based in Lake Mary, FL., the company is using the funds to refinance existing debt... Read Story

November 19, 2013, 08:02 AM

GE Capital, Corporate Finance today announced it provided $22.5 million in equipment financing to Laborde Marine. The funds refinance existing debt used to purchase five new crew boats. Founded in 1995 and headquartered in New Orleans, LA, Laborde... Read Story

November 04, 2013, 07:49 AM

CIT Group Inc. announced that CIT Maritime Finance provided a $83.7 million senior secured credit facility to PST Tankers LLC, to finance the acquisition of a fleet of eight product tankers managed by Product Shipping & Trading S.A., a company... Read Story

October 03, 2013, 07:42 AM