Eagle Bulk Shipping’s gaze has turned back to expansion and possible dividend payments after a major restructuring of its debt.
New facilities worth $265m were inked to refinance $270m worth of existing loans and notes, in a move that means the owner does not have any loans maturing until late 2020.
Gary Vogel, chief executive of Eagle, explains on a conference call today the shipowner has lowered its cost of debt by $2.6m
