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     340  0 Kommentare Star Bulk Carriers Corp. Announces Pricing of $50,000,000 Million of Senior Notes Due 2019

    ATHENS, GREECE--(Marketwired - Oct 30, 2014) - Star Bulk Carriers Corp. (NASDAQ: SBLK) ("Star Bulk" or the "Company") announced today that it has priced its public offering of senior unsecured notes due 2019 (the "Notes"). The Notes will bear interest at a rate of 8.00 % per year, payable quarterly in arrears on each February 15, May 15, August 15 and November 15, commencing on February 15, 2015. The Notes will mature on November 15, 2019 and may be redeemed at the Company's option in whole or in part at any time or from time to time after November 15, 2016 for a price equal to the principal amount of the Notes to be redeemed plus accrued and unpaid interest. Prior to November 15, 2016, 2016, the Notes may be redeemed at the Company's option at a price equal to the principal amount of the Notes to be redeemed plus a make-whole premium and accrued and unpaid interest. The Company has granted the underwriters a 30-day option to purchase up to an additional $7,500,000 aggregate principal amount of the Notes on the same terms and conditions. The offering is expected to close on November 6, 2014. The Company intends to use substantially all of the net proceeds from the offering for general corporate purposes.

    The Notes are expected to commence trading on the NASDAQ Global Select Market within 30 days after the Notes are first issued. The Notes will be issued in minimum denominations of $25.00 and integral multiples of $25.00 in excess thereof.

    Morgan Stanley, Stifel, Jefferies LLC and Deutsche Bank Securities are acting as joint book-running managers for the offering.

    When available, copies of the prospectus supplement and accompanying base prospectus related to the offering may be obtained from Morgan Stanley & Co., Incorporated, Attn: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014, or prospectus@morganstanley.com; from Stifel, Nicolaus & Company, Incorporated, Attn: Syndicate Department, 1 South Street, 15th Floor, Baltimore, MD 21202 or syndprospectus@stifel.com; from Jefferies LLC, Attn: Prospectus Department, 520 Madison Ave, 2nd Floor, New York, NY 10022, or prospectus_department@jefferies.com; or Deutsche Bank Securities Inc., Attn: Prospectus Group, 60 Wall Street, New York, NY 10005-2836, or prospectus.CPDG@db.com.

    This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or other jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. A shelf registration statement relating to the Notes was filed with the SEC and is effective. The offering may be made only by means of a prospectus supplement and accompanying base prospectus.

    Cautionary Note Regarding Forward Looking Statements

    Certain of the statements made in this press release are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Exchange Act, such as those, among others, relating to the Company's expectations regarding the completion of the proposed public offering and use of proceeds of the proposed public offering. All forward-looking statements involve risks and uncertainties. Actual results or developments may differ materially from those projected or implied in these forward-looking statements. Factors that may cause such a difference include, without limitation, risks and uncertainties related to market conditions and the satisfaction of customary closing conditions related to the proposed public offering and other risks set forth in the prospectus for the offering described herein. There can be no assurance that the Company will be able to complete the proposed public offering on terms satisfactory to it, or at all.

    Contact Information

    Company:
    Simos Spyrou and Christos Begleris
    Co-CFOs
    Star Bulk Carriers Corp.
    c/o Star Bulk Management Inc.
    40 Ag. Konstantinou Av.
    Maroussi 15124
    Athens Greece
    www.starbulk.com

    Investor Relations/Financial Media:
    Nicolas Bornozis
    President
    Capital Link, Inc.
    230 Park Avenue, Suite 1536
    New York, NY 10169
    Tel/ (212) 661-7566
    E-mail: starbulk@capitallink.com
    www.capitallink.com




    Verfasst von Marketwired
    Star Bulk Carriers Corp. Announces Pricing of $50,000,000 Million of Senior Notes Due 2019 ATHENS, GREECE--(Marketwired - Oct 30, 2014) - Star Bulk Carriers Corp. (NASDAQ: SBLK) ("Star Bulk" or the "Company") announced today that it has priced its public offering of senior unsecured notes due 2019 (the "Notes"). The Notes will bear …