---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-018563"
form_type: "8-K"
ticker: null
cik: "0001322439"
company_name: "Eagle Bulk Shipping Inc."
filed_at: "2023-05-17T23:59:59+00:00"
generated_at: "2026-06-14T22:15:15.088553+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

# Eagle Bulk upsizes credit facilities to $485.3M; adds $175M in new loans

## Summary
- Aggregate senior secured facilities increased to $485.3M via amended credit agreement dated May 11, 2023.
- New $75M term loan and $100M revolving credit facility added; both mature September 28, 2028.
- Interest rate is SOFR plus 2.05%-2.75% based on leverage ratio and sustainability-linked criteria.
- Proceeds for general corporate purposes including vessel purchases, stock buybacks, and debt retirement.
- Facilities secured by 50 owned vessels and two vessels to be delivered by June 15, 2023.

## SEC filing metadata
- accession: 0001628280-23-018563
- form_type: 8-K
- cik: 0001322439
- company_name: Eagle Bulk Shipping Inc.
- filed_at: 2023-05-17T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 1.01, 2.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1322439/000162828023018563/0001628280-23-018563-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1322439/000162828023018563/egle-20230517.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-018563
- JSON: https://secwatch.observer/filing/0001628280-23-018563.json
- Plain text: https://secwatch.observer/filing/0001628280-23-018563.txt

## Key facts
- Debt Financings
  Eagle Bulk Shipping Inc. amended credit facility of Aggregate principal amount increased to $485.3 million with Crédit Agricole Corporate and Investment Bank at Outstanding borrowings bear interest at a rate equal to the sum of Adjusted Term maturing September 28, 2028.
  - Instrument: credit facility
  - Principal: Aggregate principal amount increased to $485.3 million
  - Counterparty: Crédit Agricole Corporate and Investment Bank
  - Rate: Outstanding borrowings bear interest at a rate equal to the sum of Adjusted Term
  - Maturity: September 28, 2028
  - Event: amendment
  source text: ”). The Amended Credit Agreement provides for additional loans of up to $175.0 million, thereby increasing the aggregate principal amount of senior secured credit facilities to $485.3 million. Additional amounts provided under the Amended Credit Agreement consist of (i) an additional term loan in an aggregate principal amount of up to $75.0 million (which will be
  evidence_url: https://www.sec.gov/Archives/edgar/data/1322439/000162828023018563/0001628280-23-018563-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.