June 22, 2023
Oaktree Capital Sells Stake in Eagle Bulk Shipping
Practices & Industries
Paul, Weiss advised Oaktree Capital Management and affiliates in the sale of Oaktree’s remaining 28% stake in Eagle Bulk Shipping Inc., one of the world’s largest owner-operators within the midsize drybulk vessel segment. Under the terms of the transaction, Eagle Bulk repurchased approximately 3.8 million shares from Oaktree for an aggregate purchase price of approximately $219.3 million.
The Paul, Weiss team includes corporate partners Kenneth Schneider and Christodoulos Kaoutzanis; and tax partner Robert Holo.
