DALLAS , Nov. 12, 2025 /PRNewswire/ -- Beal Bank USA is pleased to announce that it has arranged a term loan of $450,000,000 to Otto Candies, LLC.

Andy Longhurst, Managing Director and head of Shipping for Beal Bank USA's wholly-owned commercial lending subsidiary CSG Investments, Inc., said, " Acquiring four high quality, high-demand vessels represents a pivotal moment for Otto Candies. These funds will help the company further develop their existing first-class platform in the Jones Act offshore markets, supporting both oil & gas and wind development and production. With this facility, CSG is once again demonstrating our willingness to originate large transactions on a bilateral basis, supporting niche, but vital, maritime asset classes. "

Otto Candies III, CEO of Otto Candies, LL

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