Akin Gump Advises Eagle Bulk Shipping in Secondary Public Offering of Common Stock

(New York) – Eagle Bulk Shipping Inc. one of the world’s largest owner-operators within the Supramax/Ultramax drybulk segment, has announced the pricing of a previously announced underwritten secondary public offering of 1,949,459 shares of common stock by certain funds and separate accounts managed by GoldenTree Asset Management LP (collectively, the “selling shareholders”) at a public offering price of $46.50 per share.

The amount of shares offered represents an upsize to the original proposed offering and the exercise by the underwriter to purchase additional shares. The offering is expected to close today. A team from Akin Gump advised Eagle Bulk in the transaction.

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The Akin Gump team advising long-time client Eagle Bulk was led by Dan Fisher, leader of the firm’s integrated special situations group, corporate partner Alan J. Feld and counsel John Clayton. They were joined by counsel Kevin Schott and associates Amanda Thienpont and Alex France.

Akin Gump Strauss Hauer & Feld LLP is a leading international law firm with more than 900 lawyers in offices throughout the United States, Europe, Asia and the Middle East.

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