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News 2026-09-24 07:05 UTC

2020 Bulkers prices USD 175 million private placement at USD 0.3 per share

2020 Bulkers completed a private placement of 585,284,280 new shares at USD 0.3 each, raising up to USD 175 million gross. Demand exceeded supply several times at the offer price, prompting conditional allocations with notices expected Sept. 24, 2026. Net proceeds earmarked for USD 100 million of refinancing tied to an