Nasdaq-listed owner Eagle Bulk Shipping has clinched new financing worth $208m.
The loan commitment from a consortium of banks matures over five years, with interest at Libor plus 2.5%.
It includes a term loan equating to $153m and a revolving credit facility of $55m.
The cash will refinance the existing debt of subsidiaries Eagle Bulk Ultraco and Eagle Shipping, as well as being used for general corporate purposes.
