Paragon Shipping Offering Senior Notes – Updated

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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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Tim McPartland
Tim McPartland is a private investor with over 45 years of investing experience. His analysis, research and writing is devoted to the hunt for income producing securities of all types, but in particular specializing in preferred stocks, exchange traded debt and Master Limited Partnerships.
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