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HomeMaritime NewsRegionsAmericasStar Bulk looks to raise $50m from bond issue

Star Bulk looks to raise $50m from bond issue

Star Bulk looks to raise $50m from bond issue
Rapidly growing Star Bulk Carriers is aiming to raise $50m from a bond issue.

The Nasdaq-listed shipowner is issuing Senior Notes due in 2019 with an annual interest rate of 8%.

Underwriters have been granted a 30-day option for up to a further $7.5m in notes. The company said proceeds from issue would be used for general corporate purposes.

The offer is expected to close on 6 November.

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

 

TAGS: Europe Dry Bulk Finance & Insurance Star Bulk

 

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