Safe Bulkers in 5M-share public offering, 1M-share private placement

|About: Safe Bulkers Inc. (SB)|By:, SA News Editor

Safe Bulkers (SB) -9.2% AH after announcing a public offering of 5M common shares and a concurrent private placement of 1M common shares through an entity associated with CEO Polys Hajioannou.

SB plans to use the proceeds for vessel acquisitions, capital expenditures, debt repayment and other general corporate purposes.