CIT Group Inc. (NYSE: CIT) at the moment introduced that its Maritime Finance enterprise served as sole lead arranger on a $56 million senior secured financing on behalf of Seamax Container Transport II LLC.
The mortgage is secured by 4 containerships operated by Seamax Transport, an present CIT shopper. Seamax at the moment operates a fleet of 12 fashionable containerships in main commerce strains worldwide.
“We have been impressed by CIT’s agility and trade information as we labored to safe financing for these core property of our fleet,” stated Ron Petrunoff, Managing Associate, Seamax Capital Administration LLC.
“We’re happy to once more collaborate with Seamax to help their financing wants as their containerships proceed to serve sturdy market demand,” stated Evan Cohen, managing director and group head for CIT’s Maritime Finance enterprise.
CIT’s Maritime Finance enterprise, a part of its Business Finance division, presents personalized options for secured loans to a worldwide shopper base of vessel homeowners and operators.
Supply: CIT Group Inc.