Eagle Bulk files $500 million shelf registration

By Devika Patel

Knoxville, Tenn., March 2 - Eagle Bulk Shipping Inc. filed a $500 million shelf registration in an S-3 filing with the Securities and Exchange Commission.

The registration covers preferred shares, common shares, debt securities, warrants, purchase contracts and units.

The securities may be structured as convertibles.

Proceeds will be used to make vessel acquisitions and for capital expenditures, debt repayment, working capital and general corporate purposes.

Eagle Bulk is a New York-based provider of ocean transportation services.

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