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Stock impact report

Eagle Bulk Shipping Inc. Closes on a New USD 208 Million Credit Facility  

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., Jan. 28, 2019 (GLOBE NEWSWIRE) -- Eagle Bulk Shipping Inc. (NASDAQ: EGLE) (“Eagle” or the “Company”) announced today that Eagle Bulk Ultraco LLC, a wholly-owned subsidiary of the Company, has closed on a new five-year senior secured facility (the “Facility”) totaling USD 208.4 million, bearing an interest rate of LIBOR plus 2.50% and maturing in 2024.  The Facility is secured by 21 vessels, including the M/V Cape Town Eagle which was acquired earlier this month, and includes a term loan of USD 153.4 million and a revolving credit facility (the “RCF”) of USD 55 million. Gary Vogel, Eagle’s CEO, commented, “We are very pleased that the Company continues to secure increasingly attractive debt financing and has increased its financial flexibility in the process.  We appreciate the continued support from our existing lenders, ABN AMRO, Credit Agricole, and SEB, and are pleased to have DNB, Danish Ship Finance, and Nordea joining as lenders.  We believe the terms of this Show less Read more
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