CIT’s maritime finance business increased its financing for Globus Maritime by $18 million. The lending increase expands CIT’s relationship with Globus Maritime and raises CIT’s total financing to the client to $52.25 million, which is secured by seven dry-bulk shipping vessels.
CIT’s Maritime Finance unit served as sole lead arranger on a $93.7 million senior secured credit facility for Tanker Solutions, a shipping company managed by Prime Marine, an operator of international shipping vessels.
CIT Maritime Finance provided a $40 million senior secured credit facility to Valløby Shipping to acquire a fleet of chemical tankers.
CIT Maritime Finance served as sole lead arranger and administrative agent in a $150 million senior secured credit facility to American Shipping Company ASA.
CIT Maritime Finance provided a $61 million senior secured credit facility to Advantage Tankers, a Marshall Islands-based holding company established to acquire an operating fleet of crude tankers.
CIT Group announced that CIT Maritime Finance provided a $31.8 million senior secured credit facility to Epic Gas to acquire two pressurized liquefied petroleum gas tankers on the secondary market.
CIT Group announced that CIT Maritime Finance, with the assistance of RS Platou Finans, completed a $49 million financing through a bareboat charter arrangement with Grieg Shipping II AS.
CIT Group announced CIT Maritime Finance provided a $95.2 million facility to Heron Ventures. CIT financing was provided by CIT Bank.
CIT Group announced CIT Maritime Finance provided a $46.4 million facility to Epic Gas. Financing from CIT was provided by CIT Bank.
CIT Maritime Finance said it has entered into a cooperation agreement with RS Platou Finans AS that will help CIT Maritime Finance expand into the leasing market.