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Eagle Bulk Prices 200 Mn Bonds, Secures Loan

eagle-bulk-1-1-320x211.jpgThe company’s subsidiary Eagle Bulk Shipco has priced USD 200 million in senior secured bonds which will carry a coupon of 8.25% and be due in November 2022.

Additionally, the company informed that a separate subsidiary, Eagle Shipping LLC, received a loan commitment from certain of its existing lenders in the amount of USD 65 million for a senior secured credit facility which will bear an interest rate of LIBOR plus 3.50% and have a maturity date of November 2022.

Eagle Bulk Shipping informed that the net proceeds from the bond offering and loan will be used to repay the outstanding amounts on both the existing first and second lien facilities at Eagle Shipping LLC.

The bond offering, being placed in the Norwegian bond markets, is expected to close on November 28, 2017, the company said, adding that the facility is to close on December 7, subject to customary definitive documentation and closing conditions.


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OUCO Marine/Offshore 40m Long boom crane marine hydraulic Deck crane machineOUCO Marine/Offshore 3T40M Telescopic boom crane is mainly used on the deck of bulk carrier or overload barge for handling a variety of cargo bulks.

It has several hoisting points to fit the demand of vessel usage, which are 3T40M, 40T6.5M, 10T25M, makes the crane with long outreach to complete the lifting job.

The cranes are available from 3–40 meters of crane boom, which have long range of usage. This 3t40m telescopic crane currently have been made several sets with ABS Class certificate, will be delivered within 3 months with stable and reliable quality based on clients’ usage and testings.