Eagle Bulk has secured almost $23m in additional financing that will be used for general corporate purposes as the company deals with market volatility caused by the coronavirus pandemic.
The Nasdaq-listed bulker owner has closed a $22.6m incremental term loan under its existing five-year senior secured term loan facility, a release said on Monday.
TradeWinds understands that Eagle Bulk aims to maximise its liquidity and give the company a solid cash position with which to ride out the effects of the coronavirus crisis.
