Star Bulk Carriers Corp. Announces Pricing of $50.0 Million of Senior Notes Due 2022

Κυριακή, 05 Νοεμβρίου 2017 19:23

 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 2022 (the "Notes"). The Notes will bear interest at a rate of 8.30 % per year, payable quarterly in arrears on each February 15, May 15, August 15 and November 15, commencing on February 15, 2018. The Notes will mature on November 15, 2022 and may be redeemed at the Company's option in whole or in part at any time or from time to time after May 15, 2019 for a price equal to the principal amount of the Notes to be redeemed plus accrued and unpaid interest. Prior to May 15, 2019, 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 intends to use the proceeds from the offering to redeem all its outstanding 8.00% senior unsecured notes due 2019. This press release is not a redemption notice with respect to the 8.00% senior unsecured notes due 2019, which shall be provided in accordance with the applicable indenture.

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 and Stifel are acting as joint book-running managers for the offering.

 

Περισσότερα σε αυτή την κατηγορία: