Eagle Bulk Shipping (EGLE) Announces 1.5M Share Secondary Offering

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Go back to Eagle Bulk Shipping (EGLE) Announces 1.5M Share Secondary Offering

Eagle Bulk Shipping (EGLE) Prices Upsized 1.7M Share Offering at $46.50/sh

June 30, 2021 5:00 AM EDT

Eagle Bulk Shipping Inc. (NASDAQ: EGLE) (Eagle Bulk or the Company), one of the worlds largest owner-operators within the Supramax / Ultramax drybulk segment, today announced the pricing of a previously announced underwritten secondary public offering of 1,695,182 shares of common stock by certain funds and separate accounts managed by GoldenTree Asset Management LP (collectively, the Selling Shareholders) at a public offering price of $46.50 per share. The offering was upsized from a previously announced offering size of 1,500,000 shares of common stock. The underwriter will have a 30-day option to purchase up... More