The New York-listed company said it priced the debt at 103.25% on Monday.
The notes carry interest of 8.125% and are due in 2021, backed by first-priority mortgages on 11 ships.
The terms are the same as the $610m of notes issued in November 2013
The money will be used for general corporate purposes and replacing cash that was used to partially finance the acquisition cost of the 297,491-dwt Nave Buena Suerte (built 2011), which was delivered on 10 March
The company said in February it was selling about $50m of new shares in a follow-on offering to fund vessel acquisitions.
