Maritime Partners Closes on a $350 Million Line of Credit with Credit Suisse

Maritime Partners, LLC (“Maritime Partners”, “Company”), a leading maritime financing company announced that it has closed on a $350 million warehouse line of credit with affiliates of Credit Suisse AG.

This transaction with Credit Suisse is believed to be the first of its kind in the global maritime industry and provides Maritime Partners with additional financing flexibility as the Company continues to expand its portfolio of vessels and other maritime assets. 

“The completion of this transaction demonstrates our ability to creatively source alternative pools of capital to offer our customers a competitive financing solution.  We’re proud to offer an array of flexible financing solutions to the maritime industry,” said Maritime Partners co-founder and CEO Bick Brooks.

Maritime Partners is a privately held firm that was founded in 2015.  Since its inception, the Company’s portfolio has grown to more than 350 vessels, primarily operating throughout the United States Jones Act trade.

Visit the Maritime Partners website to learn more.