“This is the only successful transaction recently among listed players in the dry bulk market, where proceeds are used for growth and not to cover liquidity or covenant holes.”
Rikard Vabo, head of corporate finance at Fearnley Securities, praises Eagle Bulk’s equity raise.
Eagle and Fearnleys join in $85m issue as investor interest returns
“We do not comment on specific deals but buying and selling vessels is an integral part of our business and we will always consider attractive offers that make sense.”
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