Eagle Bulk Plans USD 100 Million Private Placement, Eyes More Vessels

Nasdaq-listed Eagle Bulk Shipping has entered into a definitive agreement with institutional and other accredited investors for the private placement of approximately 22.2 million shares of its common stock.

The shares are priced at USD 4.50, equaling some USD 100 million in gross proceeds expected from the placement.

Eagle Bulk will use the cash to buy new dry bulk vessels and for general corporate purposes.

The company’s board of directors will hold a special meeting of shareholders to approve this private placement.

Connecticut-headquartered Eagle Bulk currently owns a fleet of 42 dry bulk vessels, including 41 Supramaxes and one Handymax.

The company transports a range of major and minor bulk cargoes, including but not limited to coal, grain, ore, pet coke, cement and fertilizer.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Oct 2019 >>
MTWTFSS
30 1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31 1 2 3

CruiseConnect Global 2019

Attend CrewConnect Global and stay on for the CruiseConnect Summit to take part in an industry-wide conversation focused…

read more >

CEDA Dredging Days 2019

CEDA Dredging Days programme will follow its successful format of contributed peer-reviewed…

read more >

Offshore Wind Europe 2019

#OWEU19 is a meeting place for governments, developers and suppliers to grow the confidence in wind power. Perfect to grow your business by securing new customers, meeting officials and industry heads.

read more >

6th Mozambique Gas Summit & Exhibit

This year’s edition will have a revamped programme for attendees.

read more >