Wednesday, July 25, 2007

UPDATE 1-Eagle Bulk buying 26 Supramax vessels for $1.1 billion

(Reuters) - The company plans to fund the deal from a new proposed $1.6
billion revolving credit facility led by Royal Bank of Scotland
Plc.




Eagle Bulk said 21 of the vessels being acquired are under
long-term charters up to 2018. Minimum contracted revenue on
the chartered vessels is about $1 billion.


Read more at Reuters.com Bonds News

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