New York-listed Navios Maritime Partners has closed a $44.2m refinancing on product tankers with the CIT division of First Citizens Bank.
The lending was announced by the Maritime Finance division of what was formerly known as CIT Bank before a merger with First Citizens in 2022.
“We previously worked closely with Maritime Finance and we have come to value their expertise in arranging financing,” said Eri Tsironi, chief financial officer of Navios Partners.
