The Greek bulker owner on Tuesday said it has signed a non-binding termsheet to sell approximately $10m worth of securities to an institutional investor.
According to a filing with the US Securities and Exchange Commission thedeal calls for the issuance of zero-dividend convertible preferred stocks andwarrants.
In a statement chief executive Ion Varouxakis praised the development, whichfollows hot on the heels of a recent arrangement in which it was able toextinguish $30m worth of debt.
"We
