Safe Bulkers, Inc. Announces Public Offering of Common Stock
News Release
Safe Bulkers, Inc.
March 14, 2012
Athens, Greece, March 12, 2012 – Safe Bulkers, Inc. (the “Company”) (NYSE: SB), an
international provider of marine drybulk transportation services, announced today that it plans to
offer 5,000,000 shares of its common stock to the public (the “Public Offering”). In connection
with the Public Offering, the Company intends to grant the underwriters a 30-day option to
purchase up to 750,000 additional shares of common stock.
The Company plans to use the net proceeds of the Public Offering for vessel acquisitions, capital
expenditures and for other general corporate purposes, which may include repayment of
indebtedness.
Morgan Stanley, BofA Merrill Lynch and Credit Suisse are acting as book-running managers and
Evercore Partners is acting as co-manager of the Public Offering, which will be made under an
effective shelf registration statement.
The Public Offering is being made only by means of a prospectus supplement and accompanying
base prospectus. When available, the prospectus supplement and accompanying base prospectus
relating to the Public Offering may be obtained from Morgan Stanley, 180 Varick Street, 2nd
Floor, New York, NY 10014, Attn: Prospectus Department, email:
prospectus@morganstanley.com, BofA Merrill Lynch, 4 World Financial Center, New York, NY
10080, Attn: Prospectus Department, email: dg.prospectus_requests@baml.com or Credit Suisse,
One Madison Avenue, New York, NY 10010, Attn: Prospectus Department, e-mail:
newyork.prospectus@credit-suisse.com.
This release shall not constitute an offer to sell, or the solicitation of an offer to buy, nor shall
there be any sale of these securities in any jurisdiction in which such offer, solicitation, or sale
would be unlawful prior to registration or qualification under the securities laws of any such
jurisdiction
international provider of marine drybulk transportation services, announced today that it plans to
offer 5,000,000 shares of its common stock to the public (the “Public Offering”). In connection
with the Public Offering, the Company intends to grant the underwriters a 30-day option to
purchase up to 750,000 additional shares of common stock.
The Company plans to use the net proceeds of the Public Offering for vessel acquisitions, capital
expenditures and for other general corporate purposes, which may include repayment of
indebtedness.
Morgan Stanley, BofA Merrill Lynch and Credit Suisse are acting as book-running managers and
Evercore Partners is acting as co-manager of the Public Offering, which will be made under an
effective shelf registration statement.
The Public Offering is being made only by means of a prospectus supplement and accompanying
base prospectus. When available, the prospectus supplement and accompanying base prospectus
relating to the Public Offering may be obtained from Morgan Stanley, 180 Varick Street, 2nd
Floor, New York, NY 10014, Attn: Prospectus Department, email:
prospectus@morganstanley.com, BofA Merrill Lynch, 4 World Financial Center, New York, NY
10080, Attn: Prospectus Department, email: dg.prospectus_requests@baml.com or Credit Suisse,
One Madison Avenue, New York, NY 10010, Attn: Prospectus Department, e-mail:
newyork.prospectus@credit-suisse.com.
This release shall not constitute an offer to sell, or the solicitation of an offer to buy, nor shall
there be any sale of these securities in any jurisdiction in which such offer, solicitation, or sale
would be unlawful prior to registration or qualification under the securities laws of any such
jurisdiction