Block Trade of 5 Million Shares by Selling Shareholder of Star Bulk

Simpson Thacher represented Morgan Stanley & Co. LLC as underwriter in connection with a block trade by Oaktree Dry Bulk Holdings LLC (the “Selling Shareholder”) of 5,000,000 shares of common shares of Star Bulk Carriers Corp. (“Star Bulk”), resulting in aggregate proceeds of $64 million to the Selling Shareholder.

Star Bulk is a global shipping company providing worldwide seaborne transportation solutions in the dry bulk sector. Star Bulk’s vessels transport major bulks, which include iron ore, coal and grain, and minor bulks, which include bauxite, fertilizers and steel products.

The Simpson Thacher team included Lesley Peng (Picture) and Ashley Yoon (Capital Markets); Robert Holo and Jasmine Hay (Tax); Larry Moss and Stephan Bradley (Executive Compensation and Employee Benefits); and Andrew Pagliughi (Blue Sky and FINRA).

Involved fees earner: Lesley Peng – Simpson Thacher & Bartlett; Ashley Sunha Yoon – Simpson Thacher & Bartlett; Robert Holo – Simpson Thacher & Bartlett; Jasmine Hay – Simpson Thacher & Bartlett; Laurence Moss – Simpson Thacher & Bartlett; Stephan Bradley – Simpson Thacher & Bartlett; Andrew Pagliughi – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: Morgan Stanley;


Author: Ambrogio Visconti