Safe Bulkers (SB) -8.1% AH after announcing a 5M share stock offering, good for proceeds of...

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

Safe Bulkers (SB) -8.1% AH after announcing a 5M share stock offering, good for proceeds of $35.8M based on today's close. The Greek dry bulk shipper plans to use the proceeds for vessel acquisitions, capex, and "general corporate purposes," which could include paying down debt.