2007

BREAKING NEWS: Paragon Shipping Prices

Paragon Shipping shares priced tonight at $16.00 per share, the bottom of the target range. The deal was underwritten by UBS, Morgan Stanley, Cantor Fitzgerald and Dahlman Rose. Congratulations to all!

Credit: Crunch, Crisis or Catharsis?

The successful execution of Paragon’s IPO is a good sign in uncertain markets. In discussions with bankers, lawyers, borrowers and buyers this week, one thing became clear: no one is 100% sure what is going on in the global debt markets. However a couple main points have begun to emerge.

• The problems created my America’s sub-prime sector are a catalyst for the tightening credit markets, but not the sole cause.

This is only an excerpt of The Week in Review – 08/09/2007

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