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Stock impact report

Proposed Amendment to the Eagle Bulk ShipCo Bond Terms to Facilitate the Financing of Scrubbers

Eagle Bulk Shipping Inc. (EGLE) 
Last eagle bulk shipping inc. earnings: 3/4 05:16 pm Check Earnings Report
US:NASDAQ Investor Relations: eagleships.com/investor-relations
Company Research Source: GlobeNewswire
STAMFORD, Conn., Oct. 02, 2018 (GLOBE NEWSWIRE) -- Eagle Bulk Shipping Inc. (Nasdaq: EGLE) (“Eagle Bulk” or the “Company”) announced today that it has mandated DNB Markets, Fearnley Securities and SEB to arrange a series of meetings commencing on October 5, 2018 with existing holders of the USD 200 million in aggregate principal amount of 8.250% Senior Secured Bonds due in November 2022 (OSLO BØRS: EBS01 (Bonds)) (the “Bonds”) issued by the Company’s wholly owned subsidiary Eagle Bulk Shipco LLC (“ShipCo”). The meetings are for the purpose of seeking approval from holders of the Bonds for an amendment (the “Proposed Amendment”) to the bond terms, dated November 22, 2017 (the “Bond Terms”), by and between Shipco, as issuer, and Nordic Trustee AS, which govern the Bonds, to allow for the use of proceeds from the sale of certain vessels that secure the Bonds (the “Security Vessels”) owned by Shipco for financing of four exhaust gas cleaning systems ("Scrubbers") to be retrofitted to it Show less Read more
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