Maritime Partners Launches Innovative $750 Million Warehouse Financing for Future Growth

Maritime Partners Secures $750 Million Warehouse Financing

Maritime Partners, LLC, a leader in maritime financing, has recently announced a significant milestone in its operation with the successful closing of a unique warehouse facility totaling $750 million. This innovative financing arrangement represents the first of its kind in the maritime industry, specifically tailored to support the growth and operational efficiency of Maritime Partners.

The structure of this warehouse facility is backed by three fully owned business lines within one of Maritime Partners' managed funds. The deal was facilitated through a syndicate of lenders, prominently led by ATLAS SP Partners. The initial funding will focus on a diverse portfolio that includes Jones Act tankers, U.S.-flagged vessels, and additional ships poised for coastal and international trade ventures. Looking ahead, the plan is to further expand this portfolio to incorporate new builds and a fleet of barges, with operations aimed at inland marine and coastwise trade.

Bick Brooks, co-founder and CEO of Maritime Partners, addressed the strategic importance of this financial move. He stated, "Maritime Partners' new $750 million warehouse line of credit is an important step in the continued growth of our platform." This financing marks a critical phase in the company’s evolution, indicating a robust trajectory for funding future acquisitions as well as refinancing existing debts.

In the last two years, Maritime Partners has successfully engaged in three major debt financing transactions totaling nearly $2 billion. The collaboration with ATLAS not only enhances Maritime Partners’ capital access but also illustrates their longstanding relationships with key financiers, including Goldman Sachs and Deutsche Bank. This expansion in borrowing capacity showcases their strategic positioning within the maritime and financing sectors.

"This deal significantly increases our borrowing capacity and demonstrates our best-in-class access to capital with our long-time partners, ATLAS and Deutsche Bank, along with our new lender, Goldman Sachs," Brooks further elaborated, solidifying the strategic partnerships that are pivotal for their financial growth.

Maritime Partners continues to establish itself as a premier provider of maritime financing solutions, particularly within the Jones Act spectrum and the broader U.S. maritime industry. With a fleet comprising approximately 1,850 vessels, the company is well-equipped to support transportation needs for crucial commodities that underpin the domestic economy, such as agricultural products, chemicals, crude oil, and refined petroleum products.

Founded in 2015, Maritime Partners emphasizes its commitment to delivering tailored leasing services to operators, accommodating varying credit qualities alongside extensive operational experience in key areas including asset management and shipbuilding. The management team's combined expertise exceeding 100 years across these sectors further reinforces the company's reputation.

As Maritime Partners positions itself for continued success in the maritime financing landscape, their innovative financing strategies and solid partnerships are expected to drive further growth, ultimately benefiting the greater U.S. maritime infrastructure and economy.

For additional details about Maritime Partners, their services, and future initiatives, visit their official website.

For media inquiries, contact:
Steve Bordes
Maritime Partners, LLC
Email: [email protected]
Phone: (504) 264-5870