13D Filing: GoldenTree Asset Management and Eagle Bulk Shipping Inc. (EGLE)

Introductory Statement

This Amendment No. 6 (this “Amendment”) amends the Schedule 13D originally filed by the Reporting Persons with the Securities and Exchange Commission on April 11, 2016, as amended by Amendment No. 1 filed on June 1, 2016, Amendment No. 2 filed on July 11, 2016, Amendment No. 3 filed on August 16, 2016, Amendment No. 4 filed on December 15, 2016 and Amendment No. 5 filed on January 20, 2017 (the “Schedule 13D”), with respect to the shares of common stock, par value $0.01 per share (the “Common Stock”), of Eagle Bulk Shipping Inc., a Marshall Islands corporation (the “Company”). Except as otherwise provided herein, each Item of the Schedule 13D remains unchanged. Capitalized terms used herein but not otherwise defined shall have the meaning set forth in the Schedule 13D.

Item 4. Purpose of Transaction.

Item 4 is amended and supplemented by adding thereto the following:

The information contained in Item 6 of this Amendment is incorporated herein by reference.

Item 5. Interest in Securities of the Issuer.

Item 5(a) is amended and supplemented by adding thereto the following:

(a) As of the date of this Amendment, each of the Reporting Persons beneficially owns shares of Common Stock in such numbers as set forth on the cover pages of this Amendment. The total number of shares each of the Reporting Persons beneficially owns represents such percentages of the Common Stock outstanding as set forth on the cover pages to this Amendment. Such percentages are calculated based upon the 74,123,050 shares of Common Stock reported to be outstanding as of November 3, 2017 by the Company in its Quarterly Report on Form 10-Q, filed with the Securities and Exchange Commission (the “SEC”) on November 3, 2017 plus (ii) the 173 shares of Common Stock issuable upon exercise of warrants held by the Reporting Persons.

Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer.

Item 6 is amended and supplemented by adding thereto the following:

On November 28, 2017, certain Funds agreed to acquire senior secured bonds (the “Bonds”) of Eagle Bulk Shipco LLC, a wholly-owned subsidiary of the Company, which Bonds will carry a coupon of 8.25% and will be due in November, 2022. As of the date hereof, the Funds own an aggregate of $40,600,000 in principal amount of the Bonds.

13D Filing: GoldenTree Asset Management and Eagle Bulk Shipping Inc. (EGLE)

Published on November 30, 2017 at 10:51 am by Insider Monkey Staff in Hedge Funds

Page 5 of 6 – SEC Filing

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