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Paragon Shipping Offering Senior Notes – Updated

By: ,

August 5, 2014 – 11:21 am and 5 pm

Greek dry bulk shipping company Paragon Shipping has announced they will offer $25/share senior notes.

We have not looked closely at this company, but at 1st glance their financials look pretty dicey so we believe this will come at a high coupon (8-9%).  

Final details of the issue are not out, but preliminary details are here.

UPDATE–Pricing has been announced at 8.375%

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