European lenders DNB and ABN AMRO have provided new financing of $200m to smooth the path of Star Bulk Carriers’ $836m takeover of Eagle Bulk Shipping.

The US-listed bulker owners came together on 9 April in an all-stock deal, making Star Bulk the biggest dry cargo player in the world.

Star Bulk retains key executives and a board member as it closes book on Eagle takeover
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Global law firm Norton Rose Fulbright (NRF) said it advised Norway’s DNB and Dutch lender ABN AMRO on new loans that paid off earlier Eagle Bulk debt.