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Star Bulk Carriers Corp Announces Pricing Of Public Offering


Wednesday, 2 Oct 2013 09:10am EDT 

Star Bulk Carriers Corp announced the pricing of its previously announced underwritten public offering of 7,000,000 common shares. The Company agreed to sell the 7,000,000 common shares at a public offering price of $8.80 per share. The Company also granted the underwriters a 30-day option to purchase 1,050,000 additional common shares. The common shares are being offered pursuant to the Company's effective shelf registration statement. The Company intends to use the net proceeds of this offering to partially fund the acquisition of nine identified newbuilding vessels, future vessel acquisitions and general corporate purposes, including working capital. Morgan Stanley & Co. LLC is acting as the sole book-running manager for the offering. Evercore Group L.L.C., Global Hunter Securities, LLC, Stifel, Nicolaus & Company and Pareto Securities, are acting as co-managers for the offering. The Company expects to close the sale of the common shares on October 7, 2013, subject to customary closing conditions. 

Company Quote

10.19
-0.14 -1.36%
24 Oct 2014