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Safe Bulkers signs sale and leaseback deal for eight ships

New York-listed dry bulk owner has entered into a sale and leaseback transaction for eight vessels worth $158.3m. Two ships were leased back under six-year bareboat charters while the other six were under eight-year bareboat fixtures

Safe Bulkers also entered into a three-year unsecured revolving credit facility with a $15m draw-down capacity

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