NEW YORK, Jan. 14, 2021 /PRNewswire/ -- CIT Group
Inc. (NYSE: CIT) today announced 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.
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.
About Seamax
Seamax Capital was founded in 2012 to
make investments in the transportation sector. Seamax
currently operates a fleet of 12 modern, post-Panamax
containerships totaling over 100,000 TEU of container capacity. The
fleet is deployed in major trade lanes and provides the world's top
shipping lines with over 1.2 million deadweight tonnage in carrying
capacity. Learn more at www.Seamaxcapital.com.
MEDIA RELATIONS:
John M.
Moran
212-461-5507
john.moran@cit.com
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SOURCE CIT Group Inc.