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.
Star Bulk Carriers Corp owns and operates a fleet of dry bulk carriers. The company, led by Petros A Pappas, Hamish Norton and Simos Spyrou, in 2016 recorded $222 Million Revenues.
The Paul, Weiss team included corporate partners Lawrence Wee (Picture) and Kenneth Schneider.
Law Firms: Paul Weiss Rifkind Wharton & Garrison;
Clients: Star Bulk Carriers Corp.;