CIT Group Inc. (NYSE: CIT) reports that its maritime finance business served as sole lead arranger on a $56 million senior secured financing on behalf of Seamax Container Shipping II LLC.
The loan is secured by four containerships operated by Seamax Shipping, an existing CIT client. Seamax currently operates a fleet of 12 modern containerships in major trade lines worldwide.
“We were impressed by CIT’s agility and industry knowledge as we worked to secure financing for these core assets of our fleet,” said Ron Petrunoff, managing partner, Seamax Capital Management LLC.
“We are pleased to again collaborate with Seamax to support their financing needs as their containerships continue to serve strong market demand,” said Evan Cohen, managing director and group head for CIT’s maritime finance business.
CIT’s maritime finance business, part of its commercial finance division, offers customized solutions for secured loans to a global client base of vessel owners and operators.