Eagle Bulk Eyes USD 100 Mn Offering to Fund Ship Purchase

first_imgzoomIllustration; Source: PxHere under CC0 Creative Commons license The US-based ship owner and operator Eagle Bulk Shipping revealed plans to offer USD 100 million aggregate principal amount of Convertible Senior Notes due 2024 in a private placement.As explained, the company intends to use the net proceeds from the offering to fund a portion of the total price of up to six high-specification Ultramax vessels that would be added to Eagle Bulk’s fleet.Eagle Bulk said that closing of the vessel acquisition is subject to customary conditions.What is more, the net proceeds would be used for general corporate purposes, including working capital.The notes will be offered to “qualified institutional buyers” and to “non-U.S. persons in offshore transactions outside of the United States.”Specifically, the notes will be general, unsecured senior obligations of the company, pay interest semi-annually in arrears on February 1 and August 1 of each year — beginning on February 1, 2020–, and may be converted, in whole or in part, at the holder’s option, into cash, shares of Eagle Bulk’s common stock or a combination of cash and shares of its common stock, at the company’s election.last_img read more

WP Kinsella Canadian Author Who Inspired Field of Dreams Dies at 81

first_imgAdvertisement Advertisement “He essentially told me a few weeks ago, ‘I am not going to be here much longer, so whatever questions you’ve got, let’s get them done,’” Mr. Steele said in an interview. Facebook Twitter Login/Register With: Advertisement W.P. Kinsella, the Canadian novelist whose writing about baseball was the basis for the 1989 film “Field of Dreams,” died Friday at 81 with the help of a doctor acting under Canada’s new physician-assisted suicide law, his literary agent said in a statement.“He was a dedicated storyteller, performer, curmudgeon, an irascible and difficult man,” said Carolyn Swayze, his agent, adding Mr. Kinsella persuaded her to become a literary agent. “His fiction has made people laugh, cry, and think for decades and will do so for decades to come.”Mr. Kinsella’s health had taken a sudden turn for the worst due to his struggles with diabetes; he had been in the hospital for the past two weeks, said Willie Steele, an English professor at Nashville, Tenn.’s Lipscomb University who has been working on a biography of Mr. Kinsella since 2012. Mr. Steele said he knew Mr. Kinsella was pursuing physician-assisted death. LEAVE A REPLY Cancel replyLog in to leave a comment last_img read more