NEW YORK, May 12, 2021 /PRNewswire/ -- CIT Group
Inc. (NYSE: CIT) today announced that its 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. The majority of
the loan will refinance existing debt on a portfolio of four
Supramax and two Panamax dry bulk vessels, all of which are
currently employed on short-term or medium-term charters.
"Demand is robust for shipping services to support the global
supply chain," said Athanasios ("Thanos") Feidakis, President and
CEO of Globus Maritime Limited. "We appreciated CIT's maritime
expertise and agility in arranging this financing for our portfolio
of dry bulk ships."
"Globus Maritime is known throughout the industry for its
experience as a top-level shipping operator and the quality of its
shipping assets," said Evan Cohen,
managing director and group head for CIT's Maritime
Finance group. "We were pleased to support their ongoing
operations and growth by arranging this financing."
Maritime Finance, part of CIT's Commercial
Finance division, offers customized solutions for secured
loans to a global client base of vessel owners and operators.
About CIT
CIT is a leading national bank focused on
empowering businesses and personal savers with the financial
agility to navigate their goals. CIT Group Inc. (NYSE: CIT) is a
financial holding company with over a century of experience and
operates a principal bank subsidiary, CIT Bank, N.A. (Member FDIC,
Equal Housing Lender). The company's commercial banking segment
includes commercial financing, community association banking,
middle market banking, equipment and vendor financing, factoring,
railcar financing, treasury and payments services, and capital
markets and asset management. CIT's consumer banking segment
includes a national direct bank and regional branch network.
Discover more at cit.com/about.
MEDIA RELATIONS:
John M.
Moran
212-461-5507
john.moran@cit.com
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SOURCE CIT Group Inc.