On Tuesday theNasdaq-listed company announced that its lenders agreed to postpone the deadline,which was scheduled to expire today, until 30 April 2014.
In a statementEagle Bulk said the extension of a waiver and forbearance agreement that was sealedlate last month is meant to “facilitate continued discussions”.
As TradeWinds has reported, if the two sides fail toagree on the terms of a restructuring by the time the deadline elapses its lenders willhave the ability to accelerate the payment of debt.
While
