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Amendments approved at Eagle Bulk bondholders meeting

Published by , Assistant Editor
Dry Bulk,

Yesterday, holders of Eagle Bulk Shipping Inc’s (Eagle Bulk) US$200 million in aggregate principal amount of 8.250% Senior Secured Bonds due in November 2022 (the Bonds) issued by the company’s wholly-owned subsidiary Eagle Bulk Shipco LLC (ShipCo) met at 13:00 hours CET, and approved amendments to the bond terms as proposed in the summons dated 23 October 2018.

Of the bondholders represented at the meeting, at which a quorum was present, 85.36% voted in favour of the amendments, which was a qualified majority.

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