First Citizens Bank Arranges $44 .2 Million of Debt Financing

First Citizens Bank recently revealed that its CIT division's Maritime Finance business served as the only lead arranger on a $44.2 million debt transaction for Navios Maritime Partners L.P. ("Navios Partners"). Navios Partners will utilise the funds from the borrowing, which is secured by product tankers, to restructure existing debt. Eri Tsironi, Chief Financial Officer of Navios Partners, stated, "We previously collaborated closely with Maritime Finance, and we have grown to respect their experience in arranging finance.Eri Tsironi, Chief Financial Officer of Navios Partners, stated, "We previously collaborated closely with Maritime Finance, and we have grown to respect their experience in arranging finance.

Evan Cohen, Managing Director and Range Head of Marine Finance, stated that "Navios Partners is respected for their operating and investment competence in a diversified group of maritime vessels." "We value the chance to help them and are looking forward to working with them in the future."

An international clientele of ship owners and operators are served by Maritime Finance, a subsidiary of First Citizens' CIT division.

First Citizens Bank information

First Citizens Bank assists its wealth, company, and personal clients in developing long-lasting financial stability.First Citizens, the biggest family-controlled bank in the United States with headquarters in Raleigh, North Carolina, was established in 1898 and has a distinguished history of strength, stability, and long-term thinking.We provide a comprehensive range of general banking services,

including as a network of more than 500 branches spread throughout 22 states, commercial banking know-how that delivers best-in-class lending, leasing, and other financial services from coast to coast, and a countrywide direct bank.With more than $100 billion in assets, parent firm First Citizens BancShares, Inc. (NASDAQ: FCNCA) is one of the top 20 financial institutions in the United States.