By Sheri Kasprzak
New York, June 23 - Eagle Bulk Shipping Inc. is gearing up to close a $33 million private placement.
A group of institutional investors agreed to buy 2.75 million shares at $12.00 each, a 13.6% discount to the company's June 22 closing stock price of $13.90.
The offering is scheduled to close June 28.
New York-based Eagle is a shipping company.
| Issuer: | Eagle Bulk Shipping Inc.
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| Issue: | Stock
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| Amount: | $33 million
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| Shares: | 2.75 million
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| Price: | $12.00
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| Warrants: | No
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| Announcement date: | June 23
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| Settlement date: | June 28
|
| Stock symbol: | Nasdaq: EGLE
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| Stock price: | $13.25 at close June 23
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