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, reports Monitor Daily.
“We previously worked closely with [CIT Maritime Finance] and we have come to value their expertise in arranging financing,” Eri Tsironi, CFO of Navios Partners, said.
“Navi...
https://mfame.guru/first-citizens-bank-arranges-44-2m-in-debt-for-navios-maritime/