Eagle Bulk Shipping’s ability to access $200m in bond proceeds while largely steering clear of amortisation payments and debt covenants is borne out by its latest filing to US securities regulators.
As TradeWinds has reported, the New York-listed bulker owner last month sealed a $200m issue in Oslo for five-year secured notes carrying a coupon of 8.25% (8.5% yield at maturity) in a move that refinances existing debt and pushes out maturities to 2022.
