0001567619-21-006127.txt : 20210311 0001567619-21-006127.hdr.sgml : 20210311 20210311173045 ACCESSION NUMBER: 0001567619-21-006127 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20210308 FILED AS OF DATE: 20210311 DATE AS OF CHANGE: 20210311 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: GOLDENTREE ASSET MANAGEMENT LP CENTRAL INDEX KEY: 0001278951 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-33831 FILM NUMBER: 21734409 BUSINESS ADDRESS: STREET 1: 300 PARK AVENUE STREET 2: 21ST FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 2128473500 MAIL ADDRESS: STREET 1: 300 PARK AVENUE STREET 2: 21ST FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: GoldenTree Asset Management LLC CENTRAL INDEX KEY: 0001435627 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-33831 FILM NUMBER: 21734408 BUSINESS ADDRESS: STREET 1: 300 PARK AVENUE STREET 2: 21ST FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 212-847-3500 MAIL ADDRESS: STREET 1: 300 PARK AVENUE STREET 2: 21ST FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Tananbaum Steven A. CENTRAL INDEX KEY: 0001435626 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-33831 FILM NUMBER: 21734407 MAIL ADDRESS: STREET 1: 300 PARK AVENUE STREET 2: 21ST FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 ISSUER: 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 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 4 1 doc1.xml FORM 4 X0306 4 2021-03-08 0 0001322439 Eagle Bulk Shipping Inc. EGLE 0001278951 GOLDENTREE ASSET MANAGEMENT LP 300 PARK AVENUE 21ST FLOOR NEW YORK NY 10022 0 0 1 0 0001435627 GoldenTree Asset Management LLC 300 PARK AVENUE 21ST FLOOR NEW YORK NY 10022 0 0 1 0 0001435626 Tananbaum Steven A. 300 PARK AVENUE 21ST FLOOR NEW YORK NY 10022 0 0 1 0 5.00% Convertible Senior Notes due 2024 2021-03-08 4 S 0 289000 322561.57 D Common Stock, par value $0.01 per share 236000 I See footnotes 5.00% Convertible Senior Notes due 2024 2021-03-08 4 S 0 554000 618336.02 D Common Stock, par value $0.01 per share 451000 I See footnotes 5.00% Convertible Senior Notes due 2024 2021-03-08 4 S 0 1157000 1291362.41 D Common Stock, par value $0.01 per share 943000 I See footnotes 5.00% Convertible Senior Notes due 2024 2021-03-09 4 S 0 167000 185680.45 D Common Stock, par value $0.01 per share 69000 I See footnotes 5.00% Convertible Senior Notes due 2024 2021-03-09 4 S 0 318000 353571.16 D Common Stock, par value $0.01 per share 133000 I See footnotes 5.00% Convertible Senior Notes due 2024 2021-03-09 4 S 0 666000 740498.09 D Common Stock, par value $0.01 per share 277000 I See footnotes 5.00% Convertible Senior Notes due 2024 2021-03-10 4 S 0 69000 82455 D Commo n Stock, par value $0.01 per share 0 I See footnotes 5.00% Convertible Senior Notes due 2024 2021-03-10 4 S 0 133000 158935 D Commo n Stock, par value $0.01 per share 0 I See footnotes 5.00% Convertible Senior Notes due 2024 2021-03-10 4 S 0 277000 331015 D Commo n Stock, par value $0.01 per share 0 I See footnotes 5.00% Convertible Senior Notes due 2024 Common Stock, par value $0.01 per share 2000000 I See footnotes 5.00% Convertible Senior Notes due 2024 Common Stock, par value $0.01 per share 3165000 I See footnotes 5.00% Convertible Senior Notes due 2024 Common Stock, par value $0.01 per share 250000 I See footnotes 5.00% Convertible Senior Notes due 2024 Common Stock, par value $0.01 per share 140000 I See footnotes 5.00% Convertible Senior Notes due 2024 Common Stock, par value $0.01 per share 90000 I See footnotes 5.00% Convertible Senior Notes due 2024 Common Stock, par value $0.01 per share 120000 I See footnotes 5.00% Convertible Senior Notes due 2024 Common Stock, par value $0.01 per share 10830000 I See footnotes 5.00% Convertible Senior Notes due 2024 Common Stock, par value $0.01 per share 3415000 I See footnotes See Exhibit 99.1 See Exhibit 99.1 See Exhibit 99.1 See Exhibit 99.1 See Exhibit 99.1 See Exhibit 99.1 See Exhibit 99.1 See Exhibit 99.1 See Exhibit 99.1 See Exhibit 99.1 See Exhibit 99.1 See Exhibit 99.1 See Exhibit 99.1 See Exhibit 99.1 Exhibit List: ------------ 99.1 - Explanation of Responses GoldenTree Asset Management LP, By: GoldenTree Asset Management LLC, its General Partner, /s/ Steven a. Tananbaum 2021-03-11 GoldenTree Asset Management LLC, /s/ Steven a. Tananbaum 2021-03-11 /s/ Steven a. Tananbaum 2021-03-11 EX-99.1 2 g031121a.htm EXPLANATION OF RESPONSES
Explanation of Responses:
(1) This Form 4 is filed on behalf of GoldenTree Asset Management LP (the “Advisor”), GoldenTree Asset Management LLC (the “General Partner”) and Steven A. Tananbaum (collectively, the “Reporting Persons”).  The Advisor is the investment manager or advisor to GT NM, L.P. (“GTNM”), GoldenTree Master Fund, Ltd. (“GMF”), GoldenTree Insurance Fund Series Interests of the SALI Multi-Series Fund, LP (“GTIF”) and GN3 SIP Limited (“GN3” and together with GTNM, GMF and GC, the “Funds”) and certain separate accounts managed by the Advisor (the “Managed Accounts”) and may be deemed to have a pecuniary interest in the securities directly held by the Funds and held in the Managed Accounts.  The General Partner is the general partner of the Advisor and may be deemed to have a pecuniary interest in the 5.00% Convertible Senior Notes due 2024 (“Convertible Notes”) reported herein in which the Advisor has a pecuniary interest.  Steven A. Tananbaum is the managing member of the General Partner and may be deemed to have a pecuniary interest in the Convertible Notes reported herein in which the Advisor and the General Partner have a pecuniary interest.  Each Fund disclaims beneficial ownership of the securities held directly by each other Fund and the Managed Accounts.
(2) Convertible Notes held directly by GT NM, L.P.
(3) Convertible Notes held directly by a separate account managed by GoldenTree Asset Management LP.
(4) Convertible Notes held directly by GN3 SIP Limited.
(5) Convertible Notes held directly by a separate account managed by GoldenTree Asset Management LP.
(6) Convertible Notes held directly by a separate account managed by GoldenTree Asset Management LP.
(7) Convertible Notes held directly by a separate account managed by GoldenTree Asset Management LP.
(8) Convertible Notes held directly by a separate account managed by GoldenTree Asset Management LP.
(9) Convertible Notes held directly by a separate account managed by GoldenTree Asset Management LP.
(10) Convertible Notes held directly by a separate account managed by GoldenTree Asset Management LP.
(11) Convertible Notes held directly by GoldenTree Master Fund, Ltd.
(12) Convertible Notes held directly by GoldenTree Insurance Fund Series Interests of the SALI Multi-Series Fund, LP.
(13) The Convertible Notes are convertible into shares of Common Stock, par value $0.01 per share (“Common Stock”), at an initial conversion rate of 25.4534 shares of Common Stock per $1,000 principal amount of Convertible Notes (equivalent to an initial conversion price of approximately $39.2875 per share of Common Stock), subject to adjustment in certain circumstances. Upon conversion of any Convertible Note, the Issuer will pay or deliver to the convertible noteholder cash, shares of common stock or a combination of cash and shares of common stock, at the Issuer’s election.
(14) The Convertible Notes are convertible at the election of the holder at any time prior to the close of business on the business day immediately preceding August 1, 2024, the maturity date of the Convertible Notes.