The bulker giant said on Friday it had completed an issue of debt carrying interest of 8% and maturing in 2019.
The deal was underwritten by Morgan Stanley, Stifel, Jefferies and Deutsche Bank Securities, which have a 30-day option to buy another $7.5m of the notes.
It had previously said the net proceeds from the fundraiser would be set aside for what the company described as general corporate purposes, which may include the financing of possible acquisitions, repayment of debt or buy-backs.
Star
