In what we think is a truly defining moment in history of shipping and the capital markets, Eagle Bulk Shipping began its roadshow this week to raise approximately $255 million of equity against a fleet of 11 handymax bulk carriers. We don’t mean to be histrionic here, but we think the valuation of Eagle will strongly influence the dozen other dry bulk deals queued up to come to market.
This is only an excerpt of Eagle Bulk: Coming to Market at 200% of Net Asset Value
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Tags: · Arlington Tankers, Bear Stearns, Citigroup, CSFB, Diana, Eagle Bulk Shipping, Knightsbridge Tankers, Nordic American Tankers, Royal Bank of Scotland, UBS, V. Ships
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