Simpson Thacher represented Jefferies & Company, Inc. in connection with a follow-on public offering of common stock by Eagle Bulk Shipping, Inc., which closed on September 21, 2007. Jefferies & Company, Inc. acted as the underwriter for the offering of 5,000,000 shares that resulted in proceeds of approximately $127 million. Eagle Bulk Shipping’s shares are listed on The Nasdaq Global Select Market under the symbol “EGLE”.
Eagle Bulk Shipping is a Marshall Islands corporation headquartered in New York City that is a leading global owner of Supramax dry bulk vessels, which are dry bulk vessels that range in size from 50,000 to 60,000 deadweight tons and transport a broad range of major and minor bulk cargoes, including iron ore, coal, grain, cement and fertilizer, along worldwide shipping routes.
The Simpson Thacher team for this transaction included Gary Sellers, Edgar Lewandowski, Nisha Singh and Pengpeng (“Grace”) Yan (Capital Markets); Jonathan Cantor and Jonathan Talansky (Tax); and Mark Lab and Sean Cotton (NASD). Corporate paralegal Christopher Stone also provided valuable assistance on this transaction.