Eagle Bulk Shipping Inc. Closes Follow-On Public Offering of Common Stock
11.04.05
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Simpson Thacher represented the underwriters, led by UBS Securities LLC and Bear, Stearns & Co. Inc., in connection with the follow-on public offering of common stock by Eagle Bulk Shipping Inc., which closed on November 2, 2005. The offering of 5,500,000 shares raised approximately $80 million. Simpson Thacher also represented the underwriters in connection with the company's initial public offering in June 2005.
Eagle Bulk Shipping Inc. is a Marshall Islands corporation headquartered in New York City that owns and operates Handymax dry bulk vessels and transports major and minor bulk cargoes, including iron ore, coal, grain, cement and fertilizer, along worldwide shipping routes.
The Simpson Thacher team who worked on the offering included Gary Sellers and Nomaan Raja (Corporate), as well as Mark Lab and Sean Cotton (Blue Sky) and Jonathan Cantor (Tax).