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Star Bulk Closes $50 Million Bond Offering
- Client News
- December 5, 2017
Practices
Paul, Weiss advised Star Bulk Carriers Corp. in a public offering of $50 million of 8.30% senior unsecured notes due 2022. Morgan Stanley and Stifel acted as joint bookrunning managers. Star Bulk used the proceeds from the offering to refinance its outstading 8.00% senior unsecured notes due 2019. Star Bulk (NASDAQ: SBLK) is one of the largest U.S.-listed publicly traded dry bulk shipping companies and a portfolio company of Oaktree Capital Management.
The Paul, Weiss team included, among others, corporate partner Kenneth Schneider.