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First Citizens Bank Provides $22 Million to Euroseas Ltd. for Containership Financing
CIZNCitizens Holding(CIZN) Prnewswire·2024-06-25 21:00

NEW YORK, June 25, 2024 /PRNewswire/ -- First Citizens Bank today announced that its Maritime Finance business provided a senior secured loan of $22 million to Euroseas Ltd. for the financing for a newbuild 2,800 TEU Eco containership. Formed in 2005, Euroseas (Nasdaq: ESEA) is an owner and operator of container carrier vessels and provider of seaborne transportation for containerized cargoes. The company has a fleet of 22 vessels, including 15 Feeder containerships and 7 Intermediate containerships. Eurose ...