Paragon Shipping is giving investors more time to get on board with a bond-for-equity swap after the latest attempt had few takers.
The bulker owner, whose shares trade on the US over-the-counter market, said holders of its notes can tender their securities until 31 October, and it increased the number of shares on offer.
Michael Bodouroglou-led Paragon said just over 83,900 notes have been turned in as part of the latest attempt at the offer, which amounts to 11.3%
