First Citizens Bank’s maritime finance business arranged up to $30 million in financing for affiliates of MSea Capital to refinance MR product tankers. read more

JUL 12, 2023 - 6:53 am

First Citizens Bank’s maritime finance group, part of the CIT division, arranged to provide Nordic Handysize IV AS, a subsidiary of Nordic Hamburg, $10 million to finance two dry bulk ships. read more

JUN 27, 2023 - 7:18 am

First Citizens Bank’s maritime finance group, part of the CIT division, completed the acquisition of $123 million of Greek shipping loans, sharply increasing the bank’s maritime financings for clients in Greece. read more

JUN 21, 2023 - 6:58 am

The maritime finance group of First Citizens Bank 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. read more

MAR 7, 2023 - 6:52 am

First Citizens Bank’s maritime finance business, part of the bank’s CIT division, served as sole lead arranger on $44.2 million in debt financing secured by product tankers for Navios Maritime Partners, which will use proceeds from the financing to refinance existing debt. read more

JAN 19, 2023 - 6:58 am

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. read more

AUG 26, 2022 - 7:32 am

CIT’s Maritime Finance business provided $80 million to refinance two Korean-built container ships operated by Seamax. read more

JUL 13, 2022 - 7:26 am

CIT’s maritime finance business increased its financing of Crowley, a global shipping and logistics company, to a total of $57 million as part of a larger credit facility. This financing applies to multiple Crowley vessels. read more

JUN 9, 2022 - 7:22 am

CIT’s maritime finance business served as sole lead arranger on up to $30.5 million in financing to expand Lomar Shipping's portfolio of dry bulk vessels. read more

MAY 31, 2022 - 7:35 am

CIT’s maritime finance business increased its financing for Polska Zegluga Morska Capital Group (Polsteam Group) by $10 million through a secondary purchase. The loan increases CIT’s total financing commitment to the client by about 50%. read more

MAY 6, 2022 - 7:27 am

CIT’s maritime finance business provided $35.5 million to finance four commercial shipping vessels operated by Greenyield Shipping. read more

DEC 29, 2021 - 6:11 am

CIT’s maritime finance business arranged to provide up to $58 million to refinance four container ships operated by Leonhardt & Blumberg. The financing includes both term loan and delayed draw components. read more

NOV 9, 2021 - 6:27 am

CIT’s maritime finance business is providing $70 million in financing to Maritime Asset Partners for the refinancing of Sterling, which owns and operates 11 Handysize dry bulk vessels, a majority of which were previously financed by CIT. read more

NOV 2, 2021 - 6:49 am

CIT’s 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 joint venture led by Lomar Corporation Limited. read more

OCT 15, 2021 - 6:20 am

CIT’s maritime finance business served as sole lead arranger on a $70 million senior secured credit facility for MPC Container Ships, a provider in the feeder container ship market segment. read more

AUG 11, 2021 - 6:36 am