The New York-listed bulker owner announced a deal with lenders under its $1.4bn syndicated credit facility to “effectively extend, subject to certain conditions” the deadline to complete the at-the-market (ATM) offering.
Excel is looking to raise a total of $35m from the exercise though $30m of that was due to be raised by the end of this year.
Details on the new agreement are scant and Excel did not reveal a new deadline in an exchange filing.
The
