Safe Bulkers has sold and leased back eight ships to refinance $105.2m in loans coming due in 2023 and 2025.
The New York-listed bulker owner will receive $158.3m in proceeds from the transaction, leaving it with $53.1m in liquidity.
Two ships were leased back under six-year bareboat charters while the other six went under eight-year bareboat fixtures. The company did not disclose the buyers.
