Eagle Bulk secures increase to loan facility

Eagle Bulk secures increase to loan facility

US dry bulk vessel operator Eagle Bulk has secured a $34.3m incremental term loan under its existing five-year senior secured term loan facility maturing in 2024, from existing lenders ABN AMRO, Credit Agricole Corporate and Investment Bank (Credit Agricole), Skandinaviska Enskilda Banken AB (SEB), DNB Bank ASA (DNB), Danish Ship Finance, and Nordea.

The incremental amount of the facility is secured by the three ultramaxes the company recently acquired – Copenhagen Eagle, Dublin Eagle, and Sydney Eagle.

The proceeds will be used for general corporate purposes, including capital expenditures relating to the installation of scrubbers.

Eagle Bulk owns a fleet of 47 supramax and ultramax dry bulk vessels.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.

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