Eagle Bulk Shipping Inc. Receives Commitment for a New Credit Facility Totaling USD 208 Million
Eagle Bulk Shipping Inc. (EGLE)
Last eagle bulk shipping inc. earnings: 3/4 05:16 pm
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US:NASDAQ Investor Relations:
eagleships.com/investor-relations
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Source: GlobeNewswire
STAMFORD, Conn., Jan. 22, 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 received a loan commitment from a consortium of banks for a new five year senior secured facility (the “Facility”) totaling approximately USD 208 million, bearing an interest rate of LIBOR plus 2.50% and maturing in 2024. The Facility will include a term loan equating to approximately USD 153 million and a revolving credit facility of USD 55 million, and will be used to refinance the existing debt of Eagle Bulk Ultraco LLC and Eagle Shipping LLC (the “Refinanced Debt”), as well as for general corporate purposes, including capital expenditures relating to the installation of exhaust gas cleaning systems, or scrubbers. Upon the closing of the transaction and the repayment in full of the Refinanced Debt, the Company expects to achieve approximately USD 65 million of incremental l
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EGLE
News
- Do Its Financials Have Any Role To Play In Driving Eagle Bulk Shipping Inc.'s (NYSE:EGLE) Stock Up Recently? [Yahoo! Finance]Yahoo! Finance
- Star Bulk Completes Merger With Eagle Bulk [Yahoo! Finance]Yahoo! Finance
- Eagle Bulk Shipping Inc. (NASDAQ: EGLE) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- Eagle Shareholders Approve Merger With Star BulkGlobeNewswire
- Eagle Bulk Shipping Inc. (NASDAQ: EGLE) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
EGLE
Earnings
- 11/2/23 - Beat
EGLE
Sec Filings
- 4/9/24 - Form S-8
- 4/9/24 - Form S-3DPOS
- 4/9/24 - Form 8-K
- EGLE's page on the SEC website