Watson Farley & Williams (“WFW”) has advised CIT Bank N.A (“CIT”) regarding a US$70m loan granted to a Maltese subsidiary of Maritime Asset Partners Ltd. (“MAP”), in order to back leverage the sale and leaseback of 11 dry bulk vessels comprising the fleet of Sterling LLC (“Sterling”). This deal marks the third occasion that CIT …
The post WFW advises CIT on US$70m dry bulk fleet refinancing first appeared on Hellenic Shipping News Worldwide.