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Prospect News home > News index > List of issuers E > Headlines for Eagle Bulk Shipco LLC > News item
Published on 10/1/2021 in the Prospect News High Yield Daily and Prospect News Liability Management Daily.

Eagle Bulk to redeem 8¼% senior secured bonds due 2022

By Rebecca Melvin

Concord, N.H., Oct. 1 – Eagle Bulk Shipco LLC, a subsidiary of Eagle Bulk Shipping Inc., plans to redeem its 8¼% senior secured bonds due 2022 (ISIN: NO0010810872), using proceeds from a new credit facility, according to a company notice.

There were $200 million of the 8¼% notes priced in 2017.

The proceeds of the credit facility will also be used to repay amounts outstanding under Eagle Bulk Holdco LLC’s revolving credit facility due in 2021 and Eagle Bulk Ultraco LLC’s credit facility due in 2024.

The dry bulk carrier is a Marshall Islands corporation based in New York.


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