Business News • MarketWire • Safe Bulkers, Inc. Announces the Closing of Its Public Offering of Series C Preferred Shares |
Safe Bulkers, Inc. Announces the Closing of Its Public Offering of Series C Preferred Shares |
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Safe Bulkers, Inc. Announces the Closing of Its Public Offering of Series C Preferred Shares
ATHENS, GREECE--(Marketwired - May 7, 2014) - Safe Bulkers, Inc. (the "Company") (NYSE: SB), an international provider of marine drybulk transportation services, announced today the closing of its previously announced public offering (the "Public Offering") of 2,300,000 shares of its 8.00% Series C Cumulative Redeemable Perpetual Preferred Shares, par value $0.01 per share, liquidation preference $25.00 per share (the "Series C Preferred Shares") at a price of $25.00 per share, which includes 300,000 shares sold pursuant to the full exercise of the underwriters' over-allotment option.
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