Paragon Shipping Offering Senior Notes – Updated
By: Tim McPartland,
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%