Safe Bulkers, Inc., an international provider of marine drybulk transportation services, has agreed to amend an existing loan facility secured by four vessels with an outstanding balance of US $ 51.8 million, delaying the balloon payment initially scheduled to be made in 2019 for 2022.
About Safe Bulkers, Inc.
Safe Bulkers is an international provider of marine drybulk transportation services, transporting bulk cargoes, particularly coal, grain and iron ore, along worldwide 1 EBITDA is not a recognized measurement under US GAAP and represents net income before net interest expense, income tax expense, depreciation and amortization. shipping routes for some of the world’s largest users of marine drybulk transportation services. Safe Bulkers’s common stock, series B preferred stock, series C preferred stock and series D preferred stock are listed on the NYSE, and trade under the symbo ls “SB”, “SB.PR.B”, “SB.PR.C”, and “SB.PR.D”, respectively.