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Eagle Bulk Shipping updates on new credit facility

Jan. 22, 2019 8:08 AM ETEagle Bulk Shipping Inc. (EGLE) StockBy: Clark Schultz, SA News Editor
  • Eagle Bulk Shipping (NASDAQ:EGLE) announced that a wholly-owned subsidiary of the company landed a commitment from a consortium of banks for a new $208M five-year senior secured facility.
  • The facility will have an interest rate of LIBOR + 2.50% and mature in 2024.
  • Financing for the Facility will be provided by ABN AMRO , Credit Agricole Corporate and Investment Bank, Skandinaviska Enskilda Banken AB, DNB Bank ASA, Danish Ship Finance, and Nordea.
  • The facility is expected to close by the end of this month.
  • Source: Press Release

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