SEC Company Response from Eagle Bulk Shipping Inc. (CIK 0001322439) — Jun 20, 2005
Eagle Bulk Shipping Inc. (CIK 0001322439)
Date: June 20, 2005 · CIK: 0001322439 · Accession: 0000919574-05-002183
AI Filing Summary & Sentiment
File numbers found in text: 333-123817
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UBS Securities LLC
Bear, Stearns & Co. Inc.
Citigroup Global Markets Inc.
c/o UBS Securities LLC
299 Park Avenue
New York, New York 10171-0026
June 17, 2005
Max A. Webb
Securities and Exchange Commission 450 Fifth Street, N.W.
Washington, DC 20549
Re: Registration Statement No. 333-123817
Registration Statement on Form S-1 of Eagle Bulk Shipping Inc.
Dear Ladies and Gentlemen:
Pursuant to Rule 461 under the Securities Act of 1933, as amended (the
"Securities Act"), the undersigned, UBS Securities LLC, Bear, Stearns & Co. Inc.
and Citigroup Global Markets Inc., as the representatives of the several
underwriters (the "Representatives") of the offering pursuant to the
above-captioned Registration Statement on Form S-1 (the "Registration
Statement"), hereby join in the request of Eagle Bulk Shipping Inc. that the
effective time of the Registration Statement be accelerated so that the
Registration Statement becomes effective at 3:00 p.m., Eastern Standard Time, on
June 21, 2005 or as soon thereafter as practicable.
In connection with this acceleration request and pursuant to Rule 460 under
the Securities Act, the following information is provided with respect to the
distribution to date of the preliminary prospectus included in the Registration
Statement filed with the Commission on June 6, 2005:
To Whom Distributed Number of Copie L
------------------- ----------------
Institutions 3,122 (to 1,873 Institutions)
Prospective Underwriters 22,500 (to 4 Institutions)
Other 0
Total 22,500
With respect to Rule 15c2-8 under the Securities Exchange Act of 1934, as
amended, we wish to advise the Commission that the Representatives and the
underwriters have distributed or will distribute copies of the preliminary
prospectus at least 48 hours prior to the date confirmations of sale are
expected to be mailed.
The Commission is advised that the amount of compensation to be allowed or
paid to the underwriters in connection with the offering and to be disclosed in
the Registration Statement, as amended, will not exceed the amount that is
cleared with the NASD. Furthermore, the "No Objections" letter from the NASD
with respect to the offering pursuant to the Registration Statement is pending.
The Representatives will provide a copy of the "No Objections" letter and/or
verbal confirmation to the Commission as soon as possible, but no later than the
requested effective time.
Sincerely,
UBS SECURITIES LLC
By: /s/ Simon Smith
-----------------------------
Simon Smith
Executive Director
BEAR, STEARNS & CO. INC.
By: /s/ Stephen Parish
-----------------------------
Stephen Parish
Senior Managing Director
CITIGROUP GLOBAL MARKETS INC.
By: /s/ Stephen Butkow
-----------------------------
Stephen Butkow
Vice President
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