Eagle Bulk Shipping has refinanced $265m in debt through two loans set to mature in five years.
The New York-listed company announced today that it has received the proceeds of $195m in secured senior bonds offered by subsidiary Eagle Bulk Shipco with a coupon rate of 8.25% due 28 November 2022.
It has also entered into a $65m credit agreement consisting of a $60 million term loan facility and a $5m revolving credit facility maturing 8 December 2022.
