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Eagle Bulk buys another week in creditor discussions

Eagle Bulk buys another week in creditor discussions
Eagle Bulk Shipping has bought itself another week in its negotiations with its creditors.

The US-listed dry bulk shipping company extended a forebearance and standstill agreement which was due to expire on 23 February for one week until 1 March.

It is the third time the agreement has been extended as Eagle Bulk seeks financing alternatives.

The company has already undergone Chapter 11 bankruptcy restructuring in 2014.