New York, New York – (January 19, 2021) — CIT’s maritime finance business served as sole lead arranger on a $56 million senior secured financing on behalf of Seamax Container Shipping II.
The loan is secured by four containerships operated by Seamax Shipping, an existing CIT client. Seamax currently operates a fleet of 12 containerships in 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,” Ron Petrunoff, managing partner of Seamax Capital Management, said.
“We are pleased to again collaborate with Seamax to support their financing needs, as their containerships continue to serve strong market demand,” Evan Cohen, managing director and group head for CIT’s maritime finance business, said.
CIT’s maritime finance business is part of CIT’s commercial finance division and offers solutions for secured loans to vessel owners and operators.
About Seamax Capital Management:
Seamax is an independent investment management firm which provides institutional investors with unique opportunities in the maritime sector, investing in long-lived, revenue generating, physical assets that are vital to global trade. Founded in 2012, the management team has more than 100 years of combined investment and operational experience with transportation-related assets such as containerships, tankers, bulk carriers, offshore, containers and maritime infrastructure.
Seamax Capital Management LLC
Tel.: +1 (203) 487-6700