First Citizens Bank Acquires Navios Maritime Partners L.P. Arranged $44.2 Million In Debt Financing For

First Citizens Bank today announced that its Maritime 

Finance Group, which is part of the CIT division, has acquired Navios 

Maritime Partners L.P. ("Shipping Partners"). Navios 

Partners will use the proceeds from the financing to refinance 

existing debt, which is secured by product tankers.

“We have worked closely with Maritime Finance in the past and value their

experience in arranging the financing,” said Ari Sironi, CFO of Navios Partners.