SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): October 28, 2005
EAGLE BULK SHIPPING INC.
(Exact name of each Registrant as specified in its Charter)
Marshall Islands 000-51366 98-0453513
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(State or other jurisdiction (Commission File Number) (IRS employer
of incorporation or identification no.)
organization)
29 Broadway
New York, New York 10006
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(Address of principal executive offices) (Zip Code)
(Registrant's telephone number, including area code): (212) 785-2500
Item 7.01. Regulation FD
On October 28, 2005, the Registrant issued a press release announcing the
pricing of its follow-on offering. A copy of the press release is attached
hereto as Exhibit 99.1.
Exhibit 99.1
Eagle Bulk Shipping, Inc. Prices Follow-On Offering
New York, New York, October 28, 2005 - Eagle Bulk Shipping Inc. (Nasdaq: EGLE)
today announced that its follow-on offering of 5,500,000 common shares has been
priced at $14.50 per share. In addition, the Company has granted the
underwriters an option to purchase up to an additional 500,000 common shares and
a selling shareholder has granted the underwriters an option to purchase up to
an additional 325,000 common shares at the offering price to cover
over-allotments. UBS Investment Bank and Bear, Stearns & Co., Inc. act as joint
bookrunning managers.
This communication shall not constitute an offer to sell or the solicitation of
an offer to buy, nor shall there be any sale of these securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of such jurisdiction.
When available, copies of the prospectus relating to the offering may be
obtained from the offices of UBS Investment Bank at 299 Park Avenue, New York,
New York 10171, Attention: Syndicate Desk and Bear, Stearns & Co. Inc. at 383
Madison Avenue, New York, New York 10179, Attention: Prospectus Department.
About Eagle Bulk Shiping Inc.
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Eagle Bulk Shipping Inc. is a Marshall Islands corporation headquartered in New
York City that owns and operates Handymax dry bulk vessels, which are dry bulk
vessels that range in size from 35,000 to 60,000 deadweight tons, or dwt, and
that transports major and minor bulk cargoes, including iron ore, coal, grain,
cement and fertilizer, along worldwide shipping routes. The Company currently
owns and operates 12 Handymax dry bulk vessels and has agreed to purchase one
additional Handymax dry bulk vessel.
Investor Contact Media Contact
Alan Ginsberg Jon Morgan
Chief Financial Officer Kekst & Company
212-785-2500 212-521-4800
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
October 28, 2005
Eagle Bulk Shipping Inc.
By: /s/ Sophocles N. Zoullas
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Sophocles N. Zoullas
Chief Executive Officer and President
25083.0001 #612808