Credit Agricole, Others Finance $208.4MM Facility for Eagle Bulk

Eagle Bulk Ultraco, a wholly owned subsidiary of Eagle Bulk Shipping, closed on a new five-year senior secured facility totaling $208.4 million. Financing participants on the facility included ABN AMRO and Credit Agricole CIB.

ABN AMRO Agents Eagle Bulk Shipping Refinancing

Eagle Bulk Shipping entered into a series of refinancing transactions which included the repayment of its outstanding first and second lien credit facilities. ABN AMRO Capital USA served as facility agent.

Eagle Bulk Shipping Closes New $61.2MM Term Loan Facility

Eagle Bulk Ultraco, a subsidiary of Eagle Bulk Shipping, closed a new $61.2 million credit agreement with a lender group comprised of ABN AMRO, Skandinaviska Enskilda Banken AB and DVB Bank SE.

ABN AMRO Capital USA Agents Eagle Bulk Shipping Recap

Eagle Bulk Shipping reached an agreement with its lenders for a comprehensive balance-sheet recapitalization, which included an amended credit facility with a group of lenders led by ABN AMRO Capital USA as agent.

Eagle Bulk Files Chapter 11 Prepack to Reduce Debt

Eagle Bulk Shipping said it entered into a restructuring support agreement with lenders holding more than 85% of its loans outstanding. To implement the RSA has filed a “prepackaged” Chapter 11 case.