Gordon Brothers is exclusively offering for sale by private treaty the Royal Falcon One superyacht. Royal Falcon One was built in 2019 and is the world’s only luxury catamaran superyacht created by Studio F.A. Porsche. The vessel is a generous...
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Tradewind Finance, an international trade finance firm with headquarters in Germany, has successfully entered the bunker market, delivering a USD 2 million credit facility for an international bunker trader.Bunkering, or the process of replenishing a...
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MarineMax, the world’s largest recreational boat, yacht, and superyacht services company, announced the expansion of its floor plan facility from $750 million to $950 million, further increasing the Company’s liquidity and financial flexibility for...
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First Citizens Bank announced that its Maritime Finance business arranged up to $30 million for affiliates of MSea Capital to refinance MR product tankers. MSea Capital founded in 2012 is an international maritime investment and asset manager with...
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First Citizens Bank's Maritime Finance group, part of the CIT division, has successfully completed the acquisition of $123 million of Greek shipping loans, sharply increasing the bank’s maritime financings for clients in Greece.The loan portfolio...
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First Eagle Alternative Credit agented a $30 million FILO term loan to West Marine, an omnichannel provider of aftermarket products and services to the boating, fishing, sailing, and watersports markets in the US, to support the company’s execution...
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First Citizens Bank announced that its Maritime Finance group, part of the CIT division, provided financing to Purus Clean Energy, a subsidiary of Purus Marine, to support the acquisition of the MV Green Power, a 40,000 cbm ammonia carrier. Purus...
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First Citizens Bank announced that its Maritime Finance group, part of the CIT division, served as sole lead arranger on $44.2 million in debt financing for Navios Maritime Partners L.P. ("Navios Partners"). Proceeds from the financing, which is...
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January 19, 2023, 07:50 AM
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CIT, a division of First Citizens Bank, announced that its Maritime Finance business has increased its financing for Globus Maritime Limited by $18 million. The lending increase expands CIT's relationship with Globus Maritime and raises CIT's total...
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August 26, 2022, 07:00 AM
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CIT, a division of First Citizens Bank, announced that its Maritime Finance business has increased its financing for Polska Zegluga Morska Capital Group, also known as Polsteam Group, by $10 million via a secondary purchase. CIT Maritime's loan...
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36th Street Capital recently funded a $10 million equipment financing of barges and marine equipment for a marine transportation equipment company.“We’re very excited to get this deal closed in the first quarter,” said Mark Horan, Chief Growth...
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CIT Group Inc. announced its Maritime Finance business served as sole lead arranger on $26.5 million in senior secured financing on behalf of Queen Esther Shipping Limited.The loan is secured by the Queen Esther, a modern container ship operated by a...
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October 15, 2021, 07:55 AM
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Stonebriar Commercial Finance closed a $10.2 million term loan with a premier Jones Act marine transportation and logistics services company. The loan represents Stonebriar’s third transaction with the borrower and its affiliates with total funded...
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August 09, 2021, 06:00 AM
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CIT Group's Maritime Finance business is providing $42 million in financing for a portfolio of seven dry bulk vessels. Dynamic Bulk Holdings, a leading dry bulk shipping operator, will use the loan to refinance existing debt on its fleet of seven...
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CIT Group's Maritime Finance business served as sole lead arranger on a $34.25 million financing for a portfolio of six dry bulk vessels. The financing was arranged on behalf of Globus Maritime Limited, a leading integrated dry bulk shipping operator...
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CIT Group's Maritime Finance business served as sole lead arranger on a $22 million financing for a portfolio of five container ships.The financing was arranged on behalf of Madison Marine Corp., which is partially refinancing debt on five 4,000-TEU...
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CIT Group's Maritime Finance business served as sole lead arranger on a $45 million financing for a portfolio of seven container ships. The financing was arranged on behalf of a fund managed by Mangrove Partners, a New York City-based value-oriented...
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February 24, 2021, 07:29 AM
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CIT Group Inc. announced that its Maritime Finance business served as sole lead arranger on a $70 million senior secured financing on behalf of International Container Company Holdings Limited.The loan is secured by three large container vessels...
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October 02, 2020, 09:00 AM
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OneWater Marine Inc. announced that it has closed on a new $110 million senior credit facility, resulting in annual savings of more than $6 million in Fiscal Year 2021.The new credit facility consists of an $80 million term loan, with a $30 million...
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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....
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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...
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January 09, 2020, 09:05 AM
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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...
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August 07, 2019, 08:57 AM
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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...
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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...
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October 11, 2018, 07:03 AM
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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...
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January 15, 2018, 07:25 AM
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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...
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October 17, 2016, 07:34 AM
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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...
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September 13, 2016, 07:30 AM
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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...
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August 24, 2016, 07:07 AM
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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...
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December 08, 2015, 07:19 AM
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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...
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December 07, 2015, 07:52 AM
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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...
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December 01, 2015, 08:34 AM
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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...
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September 10, 2015, 07:06 AM
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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...
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August 21, 2015, 07:44 AM
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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...
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August 07, 2015, 07:23 AM
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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...
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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...
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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...
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February 26, 2015, 07:33 AM
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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...
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November 20, 2014, 07:31 AM
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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...
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November 04, 2014, 07:14 AM
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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...
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September 18, 2014, 06:11 AM
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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...
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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...
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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...
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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...
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January 08, 2014, 07:53 AM
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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...
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November 19, 2013, 08:02 AM
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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...
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November 04, 2013, 07:49 AM
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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...
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October 03, 2013, 07:42 AM
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