Oct 16 (Reuters) - Eagle Bulk Shipping Inc's shares shot up to as much as $15.46 from 68 cents as the company cut its borrowings by about 80 percent after converting debt into equity under a financial restructuring program.
By Wall Street Breakfast : Economy European stocks give up early gains as concerns on global economic growth continue to mount. Investors are once again swapping into government bonds. The volatile trading in Europe follows broad losses across Asian markets. Traders note that yesterday's broad ...
Eagle Bulk Shipping (NASDAQ: EGLE ) completes its court-approved financial ..... balance sheet and improved liquidity. EGLE says it has reduced its debt obligations ..... All existing equity interests in EGLE are canceled, with such interests
By Acacia Capital Management : Company and POR Overview As I stated in my July article , Eagle Bulk Shipping , Inc. (Nasdaq: EGLE ) (Eagle or the company) is an owner of 45 dry bulk vessels with a focus on the Handymax (35k
Aug 6 (Reuters) - Eagle Bulk Shipping filed for bankruptcy on Wednesday, the latest in a string of shipping companies to make a Chapter 11 filing, and said it reached agreement with its lenders to...
Aug 6 (Reuters) - Eagle Bulk Shipping Inc : * Files for chapter 11 bankruptcy protection -- court filing * Says has no greater than $950 million assets, and has $1.21 billion debts * Files for...
Shipping DSX, Navios Maritime Holdings NM, Genco Shipping & Trading GNK, Excel Maritime Carriers EXM, and Eagle Bulk Shipping EGLE . Despite oversupply issues continuing to weigh on the industry, we still believe the stronger capitalized
(Reuters) - Shares of Eagle Bulk Shipping Inc rose as much as 42 percent on Thursday, after the drybulk shipper's lenders agreed to waive any defaults.
(Reuters) - Debt-laden drybulk shipper Eagle Bulk Shipping Inc reached an agreement with its lenders, sending its shares up as much as 11 percent in extended trade.
Eagle Bulk Shipping EGLE reported first-quarter results slightly ahead of our expectations, but we're maintaining our $1.20 fair value estimate