0001437749-17-009581.txt : 20170623 0001437749-17-009581.hdr.sgml : 20170623 20170518164056 ACCESSION NUMBER: 0001437749-17-009581 CONFORMED SUBMISSION TYPE: CORRESP PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20170518 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Eagle Bulk Shipping Inc. CENTRAL INDEX KEY: 0001322439 STANDARD INDUSTRIAL CLASSIFICATION: DEEP SEA FOREIGN TRANSPORTATION OF FREIGHT [4412] IRS NUMBER: 980450435 STATE OF INCORPORATION: 1T FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: CORRESP BUSINESS ADDRESS: STREET 1: 300 FIRST STAMFORD PLACE STREET 2: 5TH FLOOR CITY: STAMFORD STATE: CT ZIP: 06902 BUSINESS PHONE: 203-276-8100 MAIL ADDRESS: STREET 1: 300 FIRST STAMFORD PLACE STREET 2: 5TH FLOOR CITY: STAMFORD STATE: CT ZIP: 06902 CORRESP 1 filename1.htm egle20170518_corresp.htm

300 First Stamford Place

Stamford, CT 06902

+1 203 276 8100

www.eagleships.com

 

 

BY EDGAR SUBMISSION AND HAND DELIVERY

 

May 18, 2017

 

Mr. J. Nolan McWilliams

Attorney-Advisor
Office of Transportation and Leisure

Division of Corporation Finance

Securities and Exchange Commission

100 F Street, N.E.

Washington, D.C. 20549

 

 

Re:

Eagle Bulk Shipping Inc.

 

Registration Statement on Form S-3

 

Filed April 6, 2017

 

File No. 333-217180

 

Dear Mr. McWilliams:

 

Set forth below is the response of Eagle Bulk Shipping Inc. (the “Company,” “Eagle Bulk,” “we,” “us,” “our” or similar terms) to the comment set forth in a letter, dated May 2, 2017 (the “SEC Comment Letter”), from the staff (the “Staff”) of the Securities and Exchange Commission (the “Commission”) relating to Eagle Bulk’s Registration Statement on Form S-3, File No. 333-217180, filed with the Commission on April 6, 2017 (the “Registration Statement”). Concurrently herewith, Eagle Bulk is filing with the Commission Amendment No. 1 (the “Amendment”) to the Registration Statement. For your convenience, we have delivered a courtesy package, which includes marked copies of the Amendment showing changes from the Registration Statement. The changes made in the Amendment are principally in response to the Staff’s comments as set forth in the SEC Comment Letter and to update information since the Company’s previous filing of the Registration Statement.

 

For your convenience, we have reproduced the Staff’s comment in bold and have supplied our response immediately below the comment. Capitalized terms not otherwise defined herein have the meanings given to them in the Amendment.

 

Exhibit 5.1

 

 

1.

Please have counsel opine that with respect to the Existing Warrants and Warrants, you are validly existing, have the power to create the obligation, and have taken (or, with respect to the Warrants, will take) the required steps to authorize entering into the obligation. For guidance, please refer to Staff Legal Bulletin No. 19, Legality and Tax Opinions in Registered Offerings, note 22 and accompanying text.

 

Response: The Company has filed a revised legal opinion of Clyde & Co LLP as Exhibit 5.1 in the Amendment, which is responsive to this comment.

 

 
 
 

 

If you have any questions with respect to these responses or require additional information, please contact me at 203-276-8100.

 

 

Very truly yours,

 

 

   
   

 

/s/  Frank De Costanzo                     

Frank De Costanzo

Chief Financial Officer

 

 

 

 

cc:          Tonya K. Aldave, Securities and Exchange Commission

Gary Vogel, Chief Executive Officer, Eagle Bulk Shipping Inc.

Daniel I. Fisher, Esq., Akin Gump Strauss Hauer & Feld LLP

Shar Ahmed, Esq., Akin Gump Strauss Hauer & Feld LLP

 

 

2

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