secwatch.observer — SEC 8-K summary
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Issuer:     Eagle Bulk Shipping Inc. (—)
CIK:        0001322439
Form:       8-K
Filed at:   2023-05-17T23:59:59+00:00
Accession:  0001628280-23-018563
Event type: debt
Sentiment:  neutral
Materiality: 0.45
Item codes: 1.01, 2.03
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1322439/000162828023018563/0001628280-23-018563-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1322439/000162828023018563/egle-20230517.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-018563

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