Dennis D Buffo News

Coastal Towing, Inc., announced today the consummation of a $28 million senior term loan with the CIT Group/ Equipment Financing, Inc., Heller Financial Leasing, Inc. Pursuant to this transaction, the Company refinanced senior term debt under existing agreements with CIT and Wells Fargo Bank, N.A. In addition, the loan will be used to facilitate Coastal?s barge construction program. Dennis D. Buffo has joined Coastal Towing, Inc., as vice president of maintenance effective October 1. With over 29 years in the maintenance area of the marine industry, he will be responsible for all of Coastal's boat and barge maintenance. Buffo holds a B.S. degree in Marine Engineering from the United States Merchant Marine Academy in King's Point, N.Y.

Dennis D. Buffo has been appointed as vice president of International Ship Repair & Marine Services, (ISR) Tampa, Florida. Buffo has executive responsibility for ISR’s contract negotiations and administrative departments, and brings with him over 31 years’ experience in the areas of ship repair, drydocks, operations, construction and maintenance of tank ships, tugs, barges, and marine equipment. Graduating as a marine engineer from the U.S. Merchant Marine Academy in King’s Point, New York, Buffo joins ISR from Coastal Towing in Houston.