Cit provides up to $30.5 million financing for lomar portfolio

New york , may 24, 2022 /prnewswire/ -- cit, a division of first citizens bank, today announced that its maritime finance business served as sole lead arranger on up to $30.5 million in financing to expand lomar shipping's portfolio of dry bulk vessels. the financing, which will be used to acquire kamsarmax vessels, was arranged to support further diversification of lomar's growing fleet.

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