Seward & Kissel Represents Eagle Bulk Shipping in connection with its $175 million Upsize and Extension of Credit Facility

June 5, 2023

Seward & Kissel LLP, a leading law firm in advising on a broad range of maritime financing and capital markets transactions, represented Eagle Bulk Shipping Inc. (“Eagle”) in connection with its $175 million upsize and extension of its credit facility. Eagle, headquartered in Stamford, Connecticut, is one of the world’s largest owner-operators within the midsize drybulk vessel segment, and provides global transportation solutions to a diverse group of customers including miners, producers, traders, and end users.

Eagle management commented that this financing  has “significantly increased our liquidity position, with cash and available borrowings now totaling over $400 million. Our enhanced liquidity profile positions us well to continue to take advantage of opportunities and create value for our stakeholders, including the potential retirement of our convertible bond which matures in 2024.”

The Seward & Kissel team consisted of Mike Timpone and Sophia Agathis and Meg Keating.

For more details on this transaction, click here.

 


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