Safe Bulkers plans private placement of 12 million new common shares
SB•Private placement and use of proceeds
Safe Bulkers is weighing a private placement of about 12,000,000 new common shares, sold to institutional investors outside the US.
Pricing in EUR via accelerated bookbuild; the board will set the final offer price and share count with Piraeus Bank, DNB Carnegie, Fearnley.
Net proceeds are earmarked to boost liquidity, fund its newbuilding program, support potential vessel purchases, and cover general corporate purposes.
CEO Polys Hajioannou committed to subscribe for 2,000,000 shares, subject to potential scale-back to widen allocations.
Trading on Euronext Athens is set for suspension on Sept. 9, 2026 until the deal outcome is announced by 14:00 EET.
