Eagle Bulk Shipping (EGLE: Quote) announced after the bell Wednesday that it has reached an agreement with a syndicate of its lenders, led by Royal Bank of Scotland plc. The agreement resolves all outstanding issues with its lenders and significantly improves the company's position.
Eagle Bulk Shipping gapped open higher Thursday and is now up 1.07 at $4.05 on above average volume. The stock has risen above a range and has set a one-month high.
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by RTT Staff Writer
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