2020 Bulkers – USD 70m private placement

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2020 Bulkers intends to raise USD 70 million of new equity. Upon completion of the placement, the company will be fully funded for its construction of eight Newcastlemaxes, and will be eligible for its planned listing on Oslo Axess. The placement will be done at a fixed price of USD 9 per share and will be fully guaranteed.

Fearnley Securities acts as a joint lead manager and bookrunner for the placement, which is expected to be closed no later than 23 May 2019 at 18:00.

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